Morgan Stanley Investment Names President

Dec 22 2005 | 10:23pm ET

Morgan Stanley Investment Management has named Owen Thomas as president. Thomas, who has been serving as acting president for three months, will report to Zoe Cruz, Morgan Stanley's acting president.

In a news release, John Mack, chairman and ceo, said: "As we evaluated candidates to implement that strategy, it became very clear that Owen was the strongest candidate to lead our asset management business forward. He knows how to build and lead talented teams; he has tremendous credibility in the marketplace; he understands the importance of investment excellence to driving growth; and he has a proven track record of success, having built and led a world-class real-estate franchise."

Prior to assuming his role as acting president, Thomas served as head of Morgan Stanley Real Estate since 2000. John Carrafiell and Jay Mantz will serve as co-heads of the unit, succeeding Thomas, who will be chairman of the unit.

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