Morgan Stanley Appoints Ellen Zentner as Chief U.S. EconomistMichael J. Moore
Morgan Stanley named Ellen Zentner as its chief U.S. economist, replacing Vincent Reinhart, who left the bank last month.
Zentner is a managing director who has served as senior U.S. economist since joining Morgan Stanley in August 2013, according to an internal memo obtained Friday by Bloomberg News. Akhilesh Raina, a spokesman for the New York-based bank, confirmed the memo’s contents.
Last month, Zentner and her colleagues predicted the Federal Reserve would wait until March 2016 to raise interest rates, citing falling oil and a rising dollar that will weaken inflation. That clashed with many on Wall Street who said they expect a rate increase this year, including Morgan Stanley Chief Executive Officer James Gorman.
Zentner was a senior economist at Nomura Holdings Inc. and Bank of Tokyo-Mitsubishi UFJ Ltd. before joining Morgan Stanley. Reinhart, a former head of the Federal Reserve Board’s monetary-affairs division, left Morgan Stanley in January after three years at the firm.
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