REUTERS/Brendan McDermid
Morgan Stanley has named new leaders in its wealth division as it integrates E-Trade.
The bank also recently named a new chief marketing officer, previously with E-Trade.
Andy Saperstein, recently named co-president of the firm, detailed the changes in a memo.
Morgan Stanley has added several E-Trade executives to its sprawling wealth management division's leadership team and recently named a new chief marketing officer for the firm, according to a memo co-president Andy Saperstein sent to employees on Wednesday.
The New York investment bank has been in the process of meshing E-Trade and its $4.2 trillion wealth management business at a moment when retail investors, who have long flocked to E-Trade as a do-it-yourself trading platform, are flooding the markets. Morgan Stanley closed on its acquisition of the brokerage last October.