Morgan Stanley names new chief operating officer

NEW YORK — Morgan Stanley named Jim Rosenthal to be its new chief operating officer on Tuesday. Rosenthal had been the head of corporate strategy for the investment bank.

The job was formerly held by Tom Nides, who took up a new job with the U.S. State Department as a deputy secretary of state for management and resources under Hillary Clinton.

In a memo sent to Morgan Stanley employees, CEO James Gorman said Rosenthal's responsibilities would also include oversight of human resources, corporate communications, marketing and technology.