NEW YORK (Reuters) - Morgan Stanley (NYSE:MS) 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 executives switching roles are Andy Saperstein, who is moving from wealth management to institutional securities, Raj Dhanda who is moving from institutional securities to wealth management, and Mo Assomull, who will move from an institutional securities job to a broader role as co-head of global capital markets, according to the memo, which was sent by Chief Executive James Gorman.
In a separate memo, Gorman said Morgan Stanley is adding Clare Woodman, Mandell Crawley and Kathleen McCabe onto the bank's operating and management committees. A spokesman confirmed the contents of the memos.