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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 30th 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.

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