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Morgan Stanley has tapped Mandell Crawley, currently head of private wealth management, as its human resources chief, and named Elizabeth Dennis to succeed Crawley, the first woman in that role at the company. Dennis continues as head of strategic client management in addition to private wealth management, the wirehouse’s offering for ultrawealthy clients. Crawley’s appointment puts a Black executive in charge of human resources at a time the industry is receiving increased attention for its longstanding lack of diversity.
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Week’s Best: Morgan Stanley Taps First Woman to Head Private Wealth Management
Morgan Stanley has tapped Mandell Crawley, currently head of private wealth management, as its human resources chief, and named Elizabeth Dennis to succeed Crawley, the first woman in that role at the company.
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Required fields Shares of banks and other lenders and money managers surged alongside Treasury yields in anticipation of a government-spending program under the Democratic Party s dominance in Washington DC. Treasury yields topped 1% for the first time since March amid hopes that the chaos and uncertainty that marked the end of the Trump presidency could be coming to a close. The election of Raphael Warnock and Jon Ossoff in Georgia Senate races handed control of the Senate to the Democrats, who have already won control of the House of Representatives and the White House for 2021. Federal Reserve officials debated how to clarify their plans for adding to their $7.4 trillion asset portfolio at their meeting last month amid an unusual economic outlook, which featured a second wave of Covid infections and accounting for the imminent distribution of vaccines.
By Ross Snel Order Reprints Print Article
Morgan Stanley has tapped Mandell Crawley, currently in charge of the company’s private wealth management business, to serve as its next human resources chief, according to published reports. Elizabeth Dennis will succeed him as head of private wealth management, becoming the first woman in that role.
Effective Feb. 1, Crawley will replace Jeff Brodsky, who is becoming a vice chairman at the Wall Street giant and will work directly with CEO James Gorman as a senior advisor. Gorman announced the changes on Tuesday in a company.
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Morgan Stanley Taps Crawley as Human Resources Chief. Dennis to Head Private Wealth.