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Morgan Stanley Promotes Ted Pick, Dan Simkowitz to New Roles

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Morgan Stanley rewarded Ted Pick for taking the firm’s equity-trading business to the top spot globally and put Dan Simkowitz in charge of spurring growth in its investment-management unit.

Pick, 46, was promoted to global head of sales and trading, reporting to Colm Kelleher, the New York-based company said Thursday in an internal memo written by Kelleher, Chief Executive Officer James Gorman and Greg Fleming, president of the brokerage. Simkowitz, 50, who was co-head of the unit that underwrites stocks and bonds, will report to Gorman as head of investment management and will join the operating committee.