Morgan Stanley shook up the ranks of its wealth management executives following the announced departure of Doug Ketterer, head of strategy and client management, according to an internal memo.

Greg Fleming, president of Morgan Stanley Wealth Management, announced Ketterer's leaving after 25 years with the firm. Ketterer had held his most recent post for just a little over 12 months. He held positions in investment banking, investment management and wealth management, during his tenure at the firm.

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