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

(Reuters) – Morgan Stanley 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)