Morgan Stanley has confirmed that Francois Andriot is joining from Goldman Sachs as managing director and chief executive officer of Bank Mo...

Morgan Stanley has confirmed that Francois Andriot is joining from Goldman Sachs as managing director and chief executive officer of Bank Morgan Stanley, the Geneva private bank, in May 2007.

At Goldman Sachs Mr Andriot was most recently head of the Geneva office. He has also headed up Goldman’s family office business in Geneva. Before joining the wealth management business, he spent 15 years in the Goldman’s fixed income division.

In his new role he will report to Alexander Classen head of PWM, Europe and the Middle East.

Also joining Bank Morgan Stanley from Goldmans as a vice president is Anthony Hanna, a family office specialist.

Sven Spiess will continue in his role as general manager and chief operating officer of Bank Morgan Stanley, and will now report to Mr Andriot.

In an internal memo obtained by WealthBriefing Mr Classen, himself an ex-Goldmans employee said: “Francois’s appointment is a significant step in the continuing development of our Swiss private bank. His considerable expertise and proven track record will be a tremendous asset as we drive the business forward.

“These appointments, together with the Latin American team hires which we announced earlier this week, are a resounding endorsement of our strategy. We are excited about the growth opportunities for our business and very much look forward to welcoming Francois and Anthony to our team.”