According to the announcement, Jeffrey L. Shames, the former Chairman and CEO of MFS Investment Management, will join the firm as a Senior Advisor to Morgan Stanley Investment Management (MSIM). Additionally, Edmond N. Moriarty III, who previously served as a Senior Vice President at Merrill Lynch & Co., will join the Firm as Chief Operating Officer of MSIM.
In addition to their new responsibilities in Investment Management, Shames and Moriarty will also act as Senior Advisor and Chief Operating Officer, respectively, of Morgan Stanley’s Global Research division. Both will report to Gregory J. Fleming, President of MSIM, and started in their new roles yesterday.
Shames will be responsible for all strategy related to MSIM, across investment management, client service and marketing, while Moriarty will have responsibility for all operations across MSIM, including finance and risk management, according to the firm.
The expansion of the leadership team within the division will enable the firm to “continue to take steps to refocus on its institutional and intermediary client bases and reposition MSIM for long-term growth,” according to the announcement.
Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 1000 investment professionals around the world and approximately $283 billion in assets under management or supervision as of December 31, 2009.