Following an announcement last week that its head of strategy and client management is leaving the firm, Morgan Stanley Wealth Management has made organizational changes.

Morgan Stanley has promoted Sara Furber to a new role as head of corporate and institutional wealth management, and wealth management strategy, Family Wealth Report can confirm.

The firm is the US' largest brokerage with more than 16,000 financial advisors.

The move follows the announcement of the departure of Doug Ketterer, head of strategy and client management (see here.) It is unclear when exactly it is that he is expected to leave.

Furber, who has been chief operating officer of the wealth management division, will run “institutional” businesses within the retail brokerage group including its stock and retirement plan, and government entities and corporate cash businesses.

She also will oversee the Graystone unit that works with endowments and family offices, as well as oversee Morgan Stanley Wealth Management's digital platforms and its client advisory center for less affluent individuals.

Succeeding Furber as COO will be Adam Kudelka, who runs human resources. Kudelka will in turn be replaced by Larry Frers, who oversees human resources for brokers and managers in the “field” - Morgan Stanley's network of over 600 branches.

Shelley O'Connor, who has been head of field management since February 2014, will take on Ketterer's responsibilities for international wealth management, global sports and entertainment, and the client development group.

O'Connor also now has sole responsibility for Morgan Stanley's private wealth management unit, which serves individuals and families with at least $20 million in investable assets.