Morgan Stanley just made a big hire - and it hints at the future of investing
Naureen Hassan will become Morgan Stanley's first-ever Chief Digital Officer for wealth management, according to a statement from the firm.
Hassan had previously served as Executive Vice President, Investment Services Segments and Platforms at Charles Schwab, where she oversaw web and mobile channels, among other things.
Earlier this year, CEO James Gorman and president Colm Kelleher announced in a memo that COO Jim Rosenthal would lead the development of Morgan Stanley's digital offering for financial advisors and wealth management clients, working closely with coheads of wealth management Shelley O'Connor and Andy Saperstein.
"Digital technology and its potential for our business is one of the most important strategic opportunities we face," they said in a statement at the time.
Hassan's "record of successful innovation bringing exceptional digital resources to financial advisors and clients will sharpen our ability to compete for today's high net worth individuals as well as those emerging in the next generation," Rosenthal said in Wednesday's statement.
Morgan Stanley has undergone a big management shakeup in recent months.