People News: Morgan Stanley, RBS

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Morgan Stanley has named Ben Huneke head of investment solutions on Thursday, a day after announcing the departure of Raj Dhanda.

Bloomberg News reports that Huneke, who ran the alternatives team under Dhanda, will now also oversee traditional investment products and the relationship management group of third-party asset managers, wealth management co-heads Shelley O’Connor and Andy Saperstein wrote in a staff memo obtained by Bloomberg.

In the meantime, Bloomberg also reports that Royal Bank of Scotland hired the head of Asia wealth management at JPMorgan to lead its private-banking businesses, as Michael Morley steps down.

Peter Flavel will join as chief executive officer of private banking, responsible for RBS’s Coutts & Co. and Adam & Co. businesses, the said in a statement on Thursday. Morley, CEO of Coutts since 2009, will remain at the company until the end of May.

Morgan Stanley Promotes Ben Huneke After Raj Dhanda's Departure

RBS Hires JPMorgan Executive to Replace Morley at Queen's Bank

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