James Gorman, Morgan Stanley’s incoming chief executive, has charged Greg Fleming with turning around the fortunes of its underperforming asset management business in a move that marks the return of the former Merrill Lynch executive to Wall Street, according to the Financial Times. Fleming spent 17 years at Merrill, rising to become president and chief operating officer. He left in January after Merrill’s takeover by Bank of America-a deal he helped engineer at the height of the financial crisis last September.
Morgan Stanley Hires Former Merrill Exec
Greg Fleming Returns To Wall Street
December 14, 2009