Industry

Morgan Stanley has shifted the roles of several top executives as the firm sets out to strengthen its international presence, according to a company memo from Morgan Stanley CEO James Gorman obtained by On Wall Street.In the memo, Gorman announces that Colm Kelleher, co-president of institutional securities, will relocate to London and assume new responsibility for Europe, the Middle East and non-Japan Asia. The heads of those regions will report to Kelleher, who will also have responsibility for the firm’s global sales and trading business.

In an SEC filing, Grail Advisors, a provider of actively managed exchange-traded funds launched in January 2009, indicates it may be in the process of being acquired. Should that fail, it may liquidate its actively managed ETFs.

It is one thing for a registered investment advisor to buy an investment-planning product to streamline operations at his or her practice, but smoothly integrating that product is often a much bigger production.

Joyce, a former 3Com executive, helped power global distribution of the Palm Pilot.

Two industry veterans have struck out on their own to start a new fixed income broker-dealer firm.

Morningstar honors Bob Goldfarb and David Poppe.

Putnam Investments has promoted Robert Alan to head of North American consultant relations and Keith Thomas to lead its international consultant relations.

Mora, who is vice president and senior relationship manager on the trust side of Bank of the West’s wealth management operation in Newport Beach, Calif., will act as chairman of the board for one year.

Rosenthal had been chief operating officer of Morgan Stanley Smith Barney and head of corporate strategy of Morgan Stanley with responsibility for overseeing the integration of Morgan Stanley Smith Barney since January 2010.

The Depository Trust & Clearing Corporation plans to add a chairman of the board, with separate duties from that of its chief executive officer, Don Donohue.