Morgan Stanley has named four executives to its operating committee, the bank’s most senior group of managers.
The bank has added Michael Heaney and Robert Rooney, who run the firm’s fixed income unit; Shelley O’Connor, who runs the private investment bank; and Andy Saperstein, who heads the investment products and services division. The move brings Morgan Stanley’s total operating committee to 16 members, a spokesman for Morgan Stanley said.
James P. Gorman, the bank’s chief executive, announced the appointments in an internal email Friday afternoon.
“These appointments reflect the importance to the firm of the businesses these individuals run and the leadership role each plays in driving our firm strategy and our future success,†Mr. Gorman said in the message.
Morgan Stanley does not often appoint new members to its operating committee, which is made up of the top echelon of the firm’s leadership. The committee currently includes Mr. Gorman, Greg Fleming, the president of the firm’s wealth management and investment management operations, and Ruth Porat, the chief financial officer.
Each member receives a base salary of at least $1 million and are not allow to sell 75 percent of the stock awards they earn while they serve on the committee, according to a proxy filing.
News of the appointments was first reported by Bloomberg.
