Galeazzo Pecori-Giraldi, the current chairman of Morgan Stanley’s Italian business, will also become chairman of the bank’s Swiss private ba...

Galeazzo Pecori-Giraldi, the current chairman of Morgan Stanley’s Italian business, will also become chairman of the bank’s Swiss private banking unit. According to an internal memo by Morgan Stanley, Mr Pecori-Giraldi will also “lead a new initiative directed at capturing the substantial wealth management and investment banking growth opportunities in the (Italian) mid-cap corporate sector”. The announcement was accompanied by the appointment of Dante Roscini as the Wall Street bank’s chief executive and country head of its Italian business. The chief executive position is new, while the national post was previously held by Mr Pecori-Giraldi.