Dennis Shea replaced Joseph McAlinden as managing director, CIO and head of global equity at Morgan Stanley Investment Management, confirmed spokesman Chad Peterson. Mr. Shea, who was managing director and director of global equity research in Morgan Stanley's equity division, officially made the transition to the firm's investment management division today, according to a memo sent to employees from Owen Thomas, president of MSIM. Mr. Shea will report directly to Mr. Thomas. MSIM's U.S. equity, real estate, global asset allocation, London equity, international value equity, Japanese equity, emerging markets equity and equity trading teams will all report into Mr. Shea, according to the memo.
Mr. McAlinden was named chief global strategist, a new position. He will continue to manage the Morgan Stanley Multi-Asset Class Fund and the Morgan Stanley Allocator Fund, and will also develop alternative investment strategies "based on macro themes," according to the memo.