Morgan Stanley Names Retail Post Head

Randy Takian, head of strategy and development for Morgan Stanley’s hedge fund and alternative investment products, will head its investment management unit’s retail and intermediary business, according to Dow Jones.

Prior to joining Morgan in 2006, Takian was head of strategy and mergers and acquisitions for Bank of America’s global wealth and investment management business.

Morgan recently split its investment products into two units, with Van Kampen running the mutual funds and traditional investment management products and Morgan Stanley focusing on fund of funds and other products targeted to wealthy individual investors.

Both units were run by Michael Kiley until his resignation in March. Jerry Miller was named head of the Van Kampen unit in March.

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