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Morgan Stanley Taps Its Treasurer as President of Banking Units

  • John Ryan to be president of firm’s two banking subsidiaries
  • Ed Reilly promoted to be new treasurer of Morgan Stanley
John Ryan
John RyanSource: Morgan Stanley

Morgan Stanley tapped its treasurer to help run its banking units, where it’s been building out its lending business over the last decade.

John Ryan will leave the treasurer post to become president of Morgan Stanley’s US bank operating subsidiaries, according to an internal memo. He’s replacing Eric Heaton, who held that role for the past decade, and is leaving for a role outside the New York-based company.