Morgan Stanley has announced top-level changes to its wealth management division.

Morgan Stanley International Wealth Management has named Charlie Mak, currently head of Morgan Stanley Smith Barney for Asia, as its president, this publication has learned.

Mak, who has worked in the wealth management industry for 36 years, reports to Greg Fleming, president of Morgan Stanley’s wealth and asset management business.

Mak fills a position that has been left vacant for several months after Michael Armstrong was put in charge of Morgan Stanley Smith Barney's capital markets business in New York.

Under the changes, James Jesse will relocate from New York to Hong Kong as the chief operating officer of Morgan Stanley International Wealth Management.  Jesse is currently COO of the firm’s capital markets department, having held various leadership positions in its US and international businesses, with experience in both institutional and private client divisions.  He will continue to lead MSSB global family office initiatives.

Chris Van Aeken, who has moved to London from Hong Kong, will continue as chairman of Bank Morgan Stanley, the firm’s Swiss private bank.  He will also head up MSSB 's international banking, lending and product efforts.