Morgan Stanley (NYSE: MS) today announced that Alexander Classen has joined its Private Wealth Management division ("PWM") as Head of Sales for its High Net Worth business in Europe and the Middle East region.
Reporting to Michael Durbin, Head of Morgan Stanley's International PWM business, Classen will oversee all aspects of the sales management, business development and client relationship activities for the high net worth businesses in the region. In his new role, he will be based in London.
"Alexander's appointment is a significant step in the continuing development of our international high net worth business", said Michael Durbin. "His considerable expertise and proven track record in growing high net worth business will be a considerable asset for Morgan Stanley."
Classen joins from Goldman Sachs, where he was most recently the General Manager of its Swiss Bank operations in Zurich and Geneva. Prior to joining Goldman Sachs in 2000, he spent 10 years at Pictet, latterly as the Head of their Asian operations in Singapore.
"Morgan Stanley's strong reputation for product innovation and investment expertise, combined with the team of highly talented people, means that the business is well positioned for strong growth," said Classen. "This is a great opportunity and I am very much looking forward to joining Morgan Stanley's wealth management business."
Notes to Editors:
Morgan Stanley
Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.
Morgan Stanley Private Wealth Management
Morgan Stanley Private Wealth Management was established in 1977 and serves a global client base from offices in the US, Europe and Asia. The division is dedicated to providing comprehensive wealth management advice to a variety of clients, including individuals, families, trusts and foundations in control of significant pools of assets and liquidity.
In Europe, Morgan Stanley Private Wealth Management comprises a High Net Worth business, with offices in London, Geneva, Madrid, Milan, Munich and Zurich.
Alexander Classen Biography:
| 2000-2005 | Goldman Sachs, Geneva |
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| 1985-1999 | Pictet |
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| 1984 | Graduated from University of Geneva with Degree in Business Administration |