Morgan Stanley, one of the nation's largest investment banks today announced a complete reshuffle of its top leadership. The company will appoint Ruth Porat as its Chief Financial Officer.
The following are the key leadership changes include the following, among others:
Colm Kelleher, who previously served as Chief Financial Officer and as Head of Global Capital Markets, and Paul J. Taubman, previously Global Head of Investment Banking, will serve as Co-Presidents of Institutional Securities - with Mr. Kelleher overseeing the Sales and Trading business and Mr. Taubman focusing on Investment Banking, and both jointly overseeing Global Capital Markets;
Ruth Porat, who previously served as Global Head of the Financial Institutions Group, will serve as Chief Financial Officer;
Thomas Nides, who currently serves as Chief Administrative Officer, will take on additional responsibilities as the Firm's Chief Operating Officer, including overseeing Firmwide Operations and Technology; and
Jim Rosenthal, who currently serves as Head of Firmwide Technology and Operations, will serve as Chief Operating Officer of Morgan Stanley Smith Barney and Head of Corporate Strategy for Morgan Stanley.
Walid Chammah will serve as Chairman and CEO of Morgan Stanley International and continue acting as a key adviser to Mr. Gorman and the rest of the senior management team. Mr. Chammah will chair a new International Operating Committee comprising regional heads throughout Europe, Latin America and Asia, and will continue to leverage his strong client relationships around the world. In this role, Owen Thomas, Chief Executive Officer for Asia, will report to Mr. Chammah.
Edited by Armen Hareyan
Reference: Morgan Stanley Report
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