New York, USA - February 23, 2010, New York, USA - Morgan Stanley announced the appointment of Jeffrey L. Shames, the former Chairman and CEO of MFS Investment Management, as a Senior Advisor to Morgan Stanley Investment Management (MSIM). Edmond N. Moriarty III, who previously served as a Senior Vice President at Merrill Lynch & Co., will join the Firm as Chief Operating Officer of MSIM.
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Mr. Shames is an Executive-in Residence at the MIT Leadership Center where he teaches classes in Finance and Leadership at the MIT Sloan School of Management. He is the retired CEO and Chairman of MFS Investment Management and the boards of trustees of the MFS Funds.
Mr. Shames joined MFS in 1983 as an Industry Analyst and was named a Portfolio Manager in 1985, Chief Equity Officer in 1987, President and a member of the board in 1993 and Chairman and Chief Executive Officer in 1998. In September 2002, he retired as CEO and retained the Chairman title until his retirement in February 2004. Mr. Shames is a member of the Board of Trustees of the X Prize Foundation, City Year, a national service organization.
Mr. Shames also serves as a member of the Advisory Board of the MIT Sloan School of Management, the MIT Leadership Center and the MIT Masters in Finance Program, as well as the Advisory Board of WGBH (the Boston PBS station). MrShames has a B.A. from Wesleyan University and an M.B.A. from MIT Sloan School of Management. Before entering MIT, he was a United Stated Peace Corps Volunteer in the Fiji Islands and worked at the U.S. Department of Agriculture.
Mr. Moriarty most recently served as a Senior Risk Executive at Bank of America and previously spent over twenty years at Merrill Lynch & Co., in a variety of management positions across investment banking, global markets and risk management. In October 2007, Mr. Moriarty was named Co-Chief Risk Officer of Merrill Lynch & Co. with responsibility for all market and credit risk management across the firm.
Prior to assuming this role, Mr. Moriarty was head of Global Credit & Commitments with responsibility for managing credit risk related to the firm's counterparties, as well as all of the firm's capital commitment processes.
Mr. Moriarty joined Merrill Lynch as an investment banker in 1987. Mr. Moriarty is Vice Chairman of the Board of Trustees of Gill St. Bernard's School in Gladstone, New Jersey. He received a B.A. degree from Hamilton College and an M.B.A. from the Darden School at the University of Virginia. ■