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Morgan Stanley COO Jim Rosenthal to retire at end of year: memo | Reuters

 Morgan Stanley COO Jim Rosenthal to retire at end of year: memo
| Reuters

By Olivia Oran

Morgan Stanley (MS.N) Chief Operating Officer Jim Rosenthal will retire at the end of the year, according to an internal memo sent to employees by CEO James Gorman on Friday.Rosenthal, who helped oversee the integration of Morgan Stanley with Smith Barney, will continue to serve as a senior adviser at the Wall Street firm, the memo said.A Morgan Stanley spokesman confirmed the contents of the memo.

Rosenthal served with other top Morgan Stanley executives on its operating committee and helped to lead many of the firm's efforts in technology, operations and cybersecurity.He joined Morgan Stanley in 2008 from real estate firm Tishman Speyer, where he had served as chief financial officer. He became chief operating officer in 2011.

Morgan Stanley has not yet named a replacement for Rosenthal.

(Reporting by Olivia Oran in New York; Editing by Bernard Orr and Cynthia Osterman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: Oct 29, 2016 02:30:06 IST

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