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Fugazy Promoted to Associate Publisher


Louis Fugazy has been promoted from national accounts manager to associate publisher of Money Management Executive and Asset Securitization Report.

In making the announcement, Bruce Morris, executive vice president and managing director, said, "Lou has consistently demonstrated strong business product leadership and creativity. After facing one of the most challenging periods in financial services history, Lou was able to achieve and surpass his goals through developing new advertising categories and innovative custom media solutions for his clients."

Fugazy joined SourceMedia in September 2006 and was previously publisher of New York Scene.

 

Morningstar COO Huang To Leave for New Pursuits

Morningstar's Chief Operating Officer Tao Huang is leaving the company at the end of the month. The Chicago-based company said that Huang, 48, will continue to serve as a management adviser to the firm.

In addition to serving as COO, he is responsible for information technology, corporate sales, and Logical Information Machines, which Morningstar bought in 2009.

Morningstar said that it does not plan to name a new chief operating officer. Information technology will report to Chairman and CEO Joe Mansueto, corporate sales will report to Chief Financial Officer Scott Cooley, and Logical Information Machines will become part of Morningstar's data division, led by Elizabeth Kirscher.

Mansueto said Huang led the development of many of the company's "major software offerings and played a lead role in growing our international business and making acquisitions."

Huang, who has been Morningstar's chief operating officer since 2000, said he wants "try other challenges in my business life not related to this industry, and the team is now in place that can make my departure seamless to the organization."

Huang has worked at Morningstar since 1990, when he was hired as a software developer. From 1996 to 1998, he served as chief technology officer. From 1998 to 2000, he served as senior vice president of business development and head of international operations.

 

Plotnick Becomes IRI's Director of Research

The Insured Retirement Industry has hired Lisa Plotnick as director of research, a new position IRI has created to establish itself as a research leader.

Plotnick has worked in the financial services industry for 20 years, with a particular focus on annuities. She has spent the past five years at Cerulli Associates as a director, where she authored numerous research studies, including "Variable Annuity Asset Management: Growing Assets in a New Environment."

Before that, she was vice president and director of variable annuity research at Financial Research Corp. and held various positions at John Hancock Life, was an actuarial assistant in the defined benefit valuation group at William M. Mercer and was a policy analyst for the City of New York.

 

Morgan Stanley Shifts Global Executive Roles

Morgan Stanley has shifted the roles of several top executives as the firm sets out to strengthen its international presence, according to an internal memo from Morgan Stanley CEO James Gorman.

In the memo, Gorman announces that Colm Kelleher, co-president of institutional securities, will relocate to London and assume new responsibility for Europe, the Middle East and non-Japan Asia. The heads of those regions will report to Kelleher, who will also have responsibility for the firm's global sales and trading business.

Paul J. Taubman, also co-president of institutional securities, will remain in New York and expand his role to oversee Latin America, one of Morgan Stanley's fastest-growing regions, according to Gorman, and Japan. The heads of those regions will report to Taubman. As co-president of institutional securities, Taubman will oversee the global investment banking and capital markets businesses.

Walid Chammah is set to continue as chairman of Morgan Stanley International, reporting to Gorman. In that role, Chammah will focus exclusively on high-priority clients.

"These respective roles for Colm, Paul and Walid will ensure that we are leveraging our most experienced leaders in the best way possible to support the growth of our international franchise. All three will remain on both the operating and management committees," Gorman said in the memo.

Morgan Stanley's move comes after the firm named Jim Rosenthal chief operating officer earlier this month.

 

U.S. Trust Adds Five Advisers to National Team

U.S. Trust has added five new wealth management advisers to focus on the ultra-high-net-worth client market in a new boost to its national expansion strategy.

Lisa Adelstein joins U.S. Trust as SVP t and private client adviser in Chicago. Adelstein previously served as a lead private banker at Citi Private Bank in Chicago. Jay Bartley and Elizabeth Elgie each join as private client advisers based in Fort Worth, Texas. Both Bartley and Elgie were previously senior wealth advisors for Comerica. Jason Garcia joins as vice president and private client adviser in Dallas. Garcia most recently served as a wealth strategist at Northern Trust. Michael Rogala will serve as SVP and private client adviser in Houston. Rogala most recently was an adviser at LPL Financial in Houston.