People Moves
UBS Wealth Management US Veteran Joins Morgan Stanley

Frank Moroni has left UBS Wealth Management US to oversee the Chicago branch complex at Morgan Stanley. Mr Moroni will oversee two Morgan Stanley retail brokerage offices in downtown Chicago, and around 93 financial advisors. He most recently ran the Chicago branch at UBS, where he started in 1984 with Kidder Peabody which was sold to PaineWebber in 1994. At Morgan Stanley Mr Moroni replaces Jim Harrington. He will report to Jeff Adams, Chicago district manager. Five brokers who each produced more than $1 million in commissions and fees over the past year joined Morgan Stanley in Chicago in recent months.