Added by Gary Dunn on December 30, 2010
Jim Rosenthal, currently the head of technology at Morgan Stanley, has been appointed as its Chief Operating Officer.
Jim Rosenthal has just been given the responsibility of overseeing all human resource activities, marketing, corporate services, community affairs and corporate communications activities in the company.
Jim Rosenthal has a degree issued by the Tale University and also a law degree from Harvard University. The markets reacted favorably to the appointment as share prices rose by 1 per cent on the NYSE.
The appointment has been received favorably because Jim Rosenthal was in charge of overseeing the merger between Morgan Stanley and Citigroup’s Smith Barney Brokerage Force.
The merger that took place in 2009 created the largest brokerage firm in America with more than 18,000 analysts on its payroll. The company now holds a 51 per cent stake in the brokerage firm.
Jim Rosenthal was employed with Lehman brothers from 1999 to 2005. He then moved to Tishman Speyer, a commercial real estate firm and operated as its chief financial officer until he joined Morgan Stanley.
Numerous shareholders, including Greenwood Capital Associates, holding 150,000 shares in Morgan Stanley have supported the appointment. His prior experience and past record in the company have made him an appropriate choice, so feel these stakeholders.
© 2010, ↑ The Australian Eye News