Morgan Stanley Wealth has appointed Lisa Shalett, the former chief investment officer of Merrill Lynch’s global wealth management division, according to a report published by Reuters.
Shalett, who left Merrill in February this year, will become a member of Morgan Stanley’s global investment committee and report to Michael Wilson, the firm’s chief investment officer.
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Shalett has previously served as CEO Sanford C. Bernstein running its equities research, sales and trading areas.
Shalett, who had been with Bernstein since 1994, for a time oversaw the broker and asset management firm’s global growth equities unit.
Merrill has hired Ashvin Chhabra to replace Shalett.
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