The News: Morgan Execs to Lead Brokerage

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No surprise: Morgan Stanley will be firmly in charge of its brokerage joint-venture with Citigroup. Andy Saperstein, Morgan Stanley's national sales head, will run the firm's U.S. wealth management operations, while Michael Armstrong, global head of private wealth management, will oversee international activities.

Morgan Stanley names managers for Smith Barney joint venture [InvestmentNews]

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