Earlier this month hundreds of Morgan Stanley retail branch managers made their way down to the JW Marriot Grande Lakes Resorts in Orlando, Florida. There was an unexpected guest, the head of the investment operations for Morgan Stanley, Colm Kelleher. Kelleher was present to present a message to the managers, that he has a plan to increase profits as well as trust among investors. This proposal of alliance is brought about due to the pressure Kelleher has had placed on him buy investors that he is not doing all he can to raise the companies revenue. 2012 was not a spectacular year for Morgan Stanley only turning out a 5% return on investment to its investors. Chief executive James Gorman claimed to have 35 different fourth quarter projects to encourage business, profits, and procure more retail brokers. Only time will tell if Morgan Stanley will be successful in their new programs of branch managers working trustfully and productively with investors.
New York Times Article
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