Morgan Stanley Forms New Client-Management Unit Under Crawley

Morgan Stanley named longtime executive Mandell Crawley to run a new unit combining client coverage, strategy and marketing as Chief Executive Officer Ted Pick continues to set his priorities one year into his tenure.

Crawley, a 32-year veteran of the firm and one of its senior-most Black executives, will run the integrated firm management organization as chief client officer, according to a series of memos Friday and Monday seen by Bloomberg News. Crawley will report to co-presidents Andy Saperstein and Dan Simkowitz in his new role.