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Morgan Stanley Promotes O’Connor to Lead Firm’s Brokers

Morgan Stanley named Shelley O’Connor to lead its brokerage workforce, the world’s largest, replacing Doug Ketterer, who was appointed head of strategy and client management.

Eric Heaton was named to succeed O’Connor as head of the private banking group, Greg Fleming, president of wealth management for Morgan Stanley, said today in a memo to employees. Jim Wiggins, a spokesman for the New York-based firm, confirmed the contents of the memo.