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Morgan Stanley appoints Vince Lumia as head of wealth management client segments

Published 01/17/2024, 02:07 PM
Updated 01/17/2024, 02:12 PM
© Reuters. FILE PHOTO: A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2022.  REUTERS/Brendan McDermid//File Photo
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NEW YORK (Reuters) - Morgan Stanley apponted Vince Lumia as the head of a new division overseeing wealth client segments, according to a memo seen by Reuters.

© Reuters. FILE PHOTO: A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2022.  REUTERS/Brendan McDermid//File Photo

In the memo, Jed Finn, head of Morgan Stanley wealth management, said the new division, Wealth Management Client Segments, will oversee client relationships through financial advisors, workplace programs, institutional and direct clients.  

Finn also said Morgan Stanley intends to increase efficiency in the wealth operations investing in digital channels and artificial intelligence.

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