NEW YORK — William M. Ennis, president of global services at Morgan Stanley Investment Management Inc. for just 14 months, resigned effective Sept. 30.
Mitch Merin, president and chief operating officer and Mr. Ennis' boss, would not say how much notice Mr. Ennis gave him. Mr. Merin also said he has no immediate plans to replace Mr. Ennis; executives reporting to Mr. Ennis now will report to Mr. Merin.
Mr. Merin said Mr. Ennis resigned for personal reasons; he wouldn't elaborate.
Efforts to reach Mr. Ennis were unsuccessful.
A source who has worked closely with Mr. Ennis and preferred to remain anonymous said Mr. Ennis' professional responsibilities weighed heavily on his family life. "I think it's a situation where he was always on the road and he decided to reprioritize his perspective on family, and they'll be put first," the source said.