Fleming nabs two big names for Morgan Stanley's invesment management biz

Industry veterans Jeffrey L. Shames and Edmond N. Moriarty have joined the leadership team at Morgan Stanley's investment management business led by Gregory J. Fleming, who took the helm of Morgan Stanley Investment Management earlier this month, said spokeswoman Erica Platt. Mr. Shames joins as senior adviser to both MSIM and Morgan Stanley's global research division, a new position overseeing MSIM's strategy across investment management, client service and marketing. Mr. Shames, an executive-in-residence at the MIT Sloan School of Management, was CEO and chairman of MFS Investment Management until his retirement in February 2004. Mr. Fleming noted that he had served as an adviser to Mr. Shames at MFS, when Mr. Fleming was an investment banker at Merrill Lynch. Mr. Moriarty joins as COO of MSIM and the parent company's global research division, overseeing all operations, including finance and risk management. The position is new. Joanne Pace, COO at Morgan Stanley Investment Management, will report to Mr. Moriarty, Ms. Platt said. Mr. Moriarty was co-chief risk officer at Bank of America. Bank of America spokesman Matt Card couldn't immediately provide further information on Mr. Moriarty's positions. [This story first appeared in Pensions & Investments, a sister publication of InvestmentNews.]