Wednesday, 31 August 2016
Last updated 12 hours ago
Dec 15 2005 | 5:00pm ET
Morgan Stanley Investment Management is splitting its global investment group into three separate units —global fixed-income, global equity and alternative investments —and is reshuffling management in the process.
Raj Gupta, who had been managing director and head of alternatives and fixed-income in the global investment group, will not lead any of the three units, but is helping with the transition. "His next role is to be determined," said Chad Peterson, a spokesman for the firm.
According to Peterson, "organizing Morgan Stanley Investment Management into smaller, more nimble business units fosters a culture of partnership and accountability, closer to client needs and market opportunities, particularly in alternatives and outside of the United States."
Joseph McAlinden, manager and cio of the global investment group, will take over as head and cio of the new global equity group. David Germany, managing director and former head of the firm's global fixed-income strategies, will be head and cio of the new global fixed income unit.
"We have an ongoing search for a head of the newly structured alternatives group," said Peterson.