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Morgan Stanley Appoints MSSB Investment Head
June 11, 2012
[ by Melanie Gretchen ]
Morgan Stanley Smith Barney, the world’s largest brokerage, has appointed Andy Saperstein to oversee a reorganized investment products and services division, according to an internal memo. Going forward, Mr. Saperstein will continue to report to Gregory Fleming, president of the division.
Under his leadership, Mr. Saperstein’s group will include the investment strategy and client solutions unit, according to the memo. Paul Hatch, who headed that business, will serve as a vice chairman, until he retires at the end of this year. Mr. Saperstein will be replaced as U.S. field manager by Doug Ketterer.
For further details, go to [Bloomberg, 6/4/12].

