Ex-district director at Morgan Stanley returns to Deutsche Bank

Fred C.C. “Corky” Crozier, the former head of private client services at Deutsche Bank AG's U.S. brokerage unit, has returned to the firm as a managing director and adviser in its Baltimore office. Mr. Crozier, who left Deutsche Bank Securities Inc. in 2006 to join Morgan Stanley as a district director in Washington and Maryland, will work with high-net-worth clients in the private-client-services division. The unit is separate from Deutsche Bank's private bank, which works with wealthier clients, said Mayura Hooper, a spokeswoman, who would not disclose Mr. Crozier's recent production or assets under management. Mr. Crozier, who also has run sales and marketing at Deutsche Bank Securities, as well as the unit's Boston and San Francisco offices, has worked in financial services for more than 25 years, including 12 at Deutsche Bank and Alex. Brown & Sons Inc., a predecessor firm. In his new position, he will report to G. Haig Arivan, eastern regional head for private-client services. Deutsche Bank split Mr. Crozier's former position at the division among two executives when he left the company in 2006. At Morgan Stanley, Mr. Crozier initially oversaw 11 branch offices. His position of district director was eliminated after Morgan Stanley absorbed Smith Barney last summer, and he wasn't offered a role in the combined operations, a Morgan Stanley spokeswoman said. Morgan Stanley currently has 20 regional directors, she said.