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.
Read More : Jed Finn Assumes Leadership of Morgan Stanley’s Wealth Management, Internal Memo Confirms