Morgan Stanley’s Colm Kelleher to Retire

Morgan Stanley’s second-in-command, Colm Kelleher, is retiring, according to a story in The Wall Street Journal. Mr. Kelleher joined Morgan Stanley in 1989 and will officially step down on June 30^th of this year.  As the firm’s president, he has overseen its restructuring to become a financial-services giant. Kelleher was “instrumental in helping the Firm navigate the depths of the financial crisis,” Morgan Stanley CEO James Gorman said in the memo.