Morgan Stanley reshuffles the pack

Morgan Stanley building

Morgan Stanley has moved three executives into new roles in wealth management and institutional securities as part of its effort to get those two businesses to produce more revenue by collaborating, according to an internal memo viewed by Reuters.

The news agency reports that Andy Saperstein, head of investment products and services in the wealth management business, will become co-chief operating officer of institutional securities, according to the memo sent by CEO James Gorman.

Raj Dhanda, currently co-head of global capital markets, will take over Saperstein's role, and Mo Assomull, now co-COO of institutional securities, will take over Dhanda's current role.

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Morgan Stanley shuffles wealth and securities executives -memo

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