UPDATE 1-Morgan Stanley bolsters investment management unit

* O’Connor to head unit’s N.American institutional sales

* Julius to be unit’s chief financial officer

By Steve Eder

NEW YORK, Aug 20 (BestGrowthStock) – Morgan Stanley’s (MS.N: )
Gregory Fleming continues to overhaul the firm’s investment
management unit, adding a pair of senior hires.

Jack O’Connor will head Morgan Stanley Investment
Management’s institutional sales unit, and Paul Julius will be
the unit’s chief financial officer, spokeswoman Alyson Barnes
said on Friday.

The two senior hires arrive amid the dramatic makeover of
the unit, which sustained heavy losses after the financial
crisis.

Fleming, a former Merrill Lynch president and chief
operating officer, was one of the first key hires by James
Gorman, who took over as chief executive of Morgan Stanley at
the start of 2010.

Fleming hired O’Connor to oversee institutional and
intermediary sales, consultant relations, and business
development teams. O’Connor, who has been in finance for more
than two decades, was head of U.S. Institutional Sales at
Pioneer Investments and earlier was an executive with MFS
Investment management.

Julius joins Morgan Stanley after serving as chief
administrative officer for Credit Suisse Private Banking.

Fleming has been revamping the unit’s senior management,
adding a number of executives, including Navtej Nandra as head
of Morgan Stanley Investment Management International.

Morgan Stanley’s investment management unit reported a loss
of $86 million in the second quarter, trimming losses of $210
million a year earlier.
(Reporting by Steve Eder; editing by John Wallace)

UPDATE 1-Morgan Stanley bolsters investment management unit