Morgan Stanley has tapped industry veteran Edward Keller to lead the firms’ North American prime brokerage unit, according to an internal memo.
In his new role, Keller is filling a spot left vacant since May when Patrick Mortimer resigned.
Keller, who has been with the firm for 15 years, will report to Alex Ehrlich, Morgan Stanley's global head of prime brokerage.
Ehrlich joined the firm UBS AG in May, at the time replacing Stuart Hendel, who had managed the New York firm's prime-brokerage business since 2007. Hendel, in turn, took the job left vacant at UBS by Ehrlich.