Morgan Stanley Smith Barney has shuffled two of its top executives as it aims to bolster ties its Consulting Group business has with the firm's wealth advisory services and the clients its advisory force serves.

Consulting Group head Jim Walker has been named head of product strategy, with Jim Tracy stepping in to serve as new Consulting Group leader. The moves were disclosed in a memo from Morgan Stanley executive Andy Saperstein to the brokerage business's U.S. employees on Wednesday.

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