Morgan Stanley CFO to retire

Morgan Stanley has announced that David H. Sidwell, executive vice president and chief financial officer, will retire from the company at the end of the year.
Mr. Sidwell will be replaced by Colm Kelleher, who currently serves as the head of Global Capital Markets.
Mr. Kelleher will join the firm’s Management Committee and report to chairman and chief executive John J. Mack.
Christopher Carter, who is currently vice chairman of Institutional Securities, will succeed Mr. Kelleher as head of Global Capital Markets.
Mr. Sidwell joined Morgan Stanley in 2004 and was credited with playing a significant role in developing its strategic growth plan and communicating it to the investment community, the company said in a statement.
He was also credited with playing a key role in Morgan Stanley’s efforts to improve its risk-taking and capital allocation, which has helped the firm deliver record financial performance in recent quarters.
“David Sidwell has been a key member of our management team at Morgan Stanley and has helped lead the Firm through a period of significant change,” said Mr. Mack, according to a statement. “His focus, insight and integrity have earned him tremendous credibility-both within Morgan Stanley and throughout the investment community.”
Prior to joining Morgan Stanley, Mr. Sidwell spent nine years at PricewaterhouseCoopers and 20 years at JPMorgan Chase & Co.