Morgan Stanley Dean Witter is realigning its asset management business to combine the activities of its separate business units — MSDW Investment Management; Miller, Anderson & Sherrerd; and MSDW Advisors — into six core functional groups. Van Kampen Management will remain separate, except for sales and marketing, which will be combined with MSDW Investment Management’s core marketing efforts. Mitch Merin will remain president and COO of MSDW Asset Management.
The operating units are:
* Strategic investments, or alternative and emerging market investments, headed by Richard B. Worley, chief strategic officer. He was CEO of MSDW Investment.
* Investment management, headed by CIO Joseph J. McAlinden, who had been CIO of MSDW Advisors. Stephen Boyd will remain CIO of Van Kampen, Barton Biggs will remain global strategist and will become senior adviser to MSDW Asset.
* Information technology, headed by Marianne Bachynski, chief technology officer. She was head of technology at MSDW Institutional.
* Operations, headed by Ronald E. Robison, includes all global trade operations and fund administration and accounting.
* E-commerce, headed by James Tousignant, who will lead business development and e-commerce ventures.
* Sales & marketing, headed by Richard F. Powers III, chief sales and marketing officer. He will remain president and CEO of Van Kampen.
Marna Whittington, COO of MSDW Institutional, will retire at the end of January, after assisting with the transition to the new structure.
Mr. Merin said personnel layoffs are not planned and cost savings from consolidation will be put into the asset management unit.
