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Gorman starts Morgan Stanley reshuffle

Morgan Stanley’s James Gorman, who will succeed John Mack next month as the bank’s chief executive, is close to unveiling management changes that include shifting the bank’s finance chief to co-head its flagship securities business. Some roles in Gorman’s new team are still uncertain but Colm Kelleher, the bank’s CFO, is set to become co-head of the institutional securities arm, while Paul Taubman, a top mergers adviser, may be promoted as Kelleher’s partner. The line-up could be announced as early as Tuesday.

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