June 19, 2008 / 12:58 PM / 11 years ago

UPDATE 1-MOVES-Morgan Stanley, Genworth, Bank of England

(Adds Morgan Stanley, Genworth Financial)

June 19 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, please e-mail moves@thomsonreuters.com.


Morgan Stanley (MS.N) said that Sameer Gupta joined its Private Wealth Management (PWM) division in India as Market Director, South. He started in his new role on June 12 and will be based in Bangalore. Gupta joins Morgan Stanley from DSP Merrill Lynch, where he was co-head of Private Client Lending.


Genworth Financial Inc (GNW.N) said Mark Griffin, senior vice president and chief investment officer, will leave the company, and the company’s U.S. mortgage insurance segment, led by Kevin Schneider, will now report directly to chief executive Michael Fraizer. [ID:nWNAS8732]


State Street Corp (STT.N) appointed Jim Clark as managing director of its U.K. trustee business, State Street Trustees Limited (SSTL). Clark succeeds the retiring Donald Anderson in this role. Clark, who has more than 10 years of U.K. trustee experience, re-joins State Street from JP Morgan, where he served as head of its transfer agency business in the EMEA region.


Fifth Third Bancorp (FITB.O) named Kevin T. Kabat chairman of the board, and said George A. Schaefer, Jr. retired from the board of directors. [ID:nWEN6328]


Bank of England chief economist Charlie Bean will be the new deputy governor for monetary policy at the Bank of England, the Treasury said on Thursday. Spencer Dale, a current BoE staffer who has been working at the U.S. Federal Reserve, will take over his role of chief economist and serve on the Monetary Policy Committee. Bean takes over from Rachel Lomax who is stepping down after five years in the role at the end of this month. [ID:nLAC002851]

Bank of England deputy governor John Gieve said on Wednesday he would quit two years earlier than expected, as finance minister Alistair Darling was set to announce changes to Britain’s financial stability framework. [ID:nLCCC55777] (Compiled by Adheesha Sarkar in Bangalore)

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