Make Kitco Your Homepage

Morgan Stanley appoints Jed Finn as head of wealth management - memo

Kitco News

Nov 20 (Reuters) - Morgan Stanley (MS.N) has named Jed Finn as the head of its wealth management unit, according to an internal memo seen by Reuters on Monday.

Finn, currently the chief operating officer of the division, joined the investment bank in 2011 and has held several leadership roles in the business, the memo said.

The appointment, effective Jan. 1, comes weeks after the bank named Ted Pick as its new chief executive officer. The other two contenders for the top job, Andy Saperstein and Dan Simkowitz, were given expanded roles.

The bank also appointed insiders Jacques Chappuis and Ben Huneke as co-heads of investment management, the memo said.

All three of the new appointees will report to Saperstein.

The appointments were first reported by the Financial Times.

Reporting by Niket Nishant in Bengaluru and Tatiana Bautzer in New York; Editing by Shounak Dasgupta and Sonia Cheema

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.