Morgan Stanley (NYSE: MS) has hired Jack O’Connoer as its new head of North American institutional sales for its investment-management unit.
Previously, O’Connor managed U.S. institutional sales at Pioneer Investments, according to a statement from Morgan Stanley spokeswoman Alyson Barnes. He will begin the position on August 23rd and will be based out of New York. O’Connor will report to Morgan Stanley Global Head of Sales Lisa Jones.
Morgan Stanley investment-management division head Gregory Fleming has also hired Paul Julius to serve as CFO of the unit, according to an emailed statement. Julius previously worked at Credit Suisse AG’s New York-based private banking unit, where he served as CAO since January 2007.
Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the Company operates as a global financial services company that provides its products and services to a diversified group of clients and customers, including corporations, governments, financial institutions and individuals. It operates through three business segments: Institutional Securities, Global Wealth Management Group and Asset Management. In May 2010, Invesco Ltd. acquired the Company’s retail asset management business. During the year ended December 31, 2009, it disposed its former real estate subsidiary, Crescent Real Estate Equities Limited Partnership. On May 31, 2009, the Company and Citigroup Inc. (Citi) consummated the combination of the Company’s Global Wealth Management Group and the businesses of Citi’s Smith Barney in the United States, Quilter in the United Kingdom and Smith Barney Australia. The combined businesses operate as Morgan Stanley Smith Barney Holdings LLC.
Shares of Morgan Stanley (NYSE: MS) traded down 0.27% on Friday ending the week at $25.92.
