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The News: Morgan Execs to Lead Brokerage

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]

And...

Presented without comment:

HBOS opens door to 100% mortgages [FT]

Bailed-Out Banks Face Probe Over Fee Hikes [WSJ]

People

Joyce E. Heinzerling Appointed as President of Meridian Fund Advisers LLC [Meridian via BW]

BMO hires leveraged lender [Globe and Mail]

Bank Vet Pegged to Run Bailout [WSJ]

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AUTHORMark Feffer Insider Comment

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