Morgan Stanley Restructures Number of Management Roles

Posted on July 1st, 2015 at 1:00 PM
Morgan Stanley Restructures Number of Management Roles

From the Desk of Jim Eccleston at Eccleston Law LLC:

In its latest round of restructuring, Morgan Stanley has altered the number of management roles at their branch, complex and regional levels. The top positions affected are Associate Complex Managers (ACMs) and Complex Business Development Managers (CBDMs).

Morgan Stanley wants to expand the role of Associate Complex Managers and their latest changes appear to be doing just that. By early June, Morgan Stanley is looking to increase the number of ACMs by 30, leading to each of the wirehouse’s 82 complexes having an ACM.

In contrast to the increase of ACMs, there will be a reduction in the number of Complex Business Development Managers. After the restructuring, there will only be 56 CBDMs--a 14- person decrease from the previous number of 70. Many CBDMs will need to cover offices in more than one complex to account for this change.

In total, Morgan Stanley’s restructuring will result in a net increase of 16 management positions. This increase, however, will not be spread evenly. Some complexes will end up with a headcount higher than it is today, while others will see a decrease. The complexes which see an increase will be those that Morgan Stanley arbitrarily deems “fertile for growth.”

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, morgan stanley

Return to Archive



Jim, Stephany and the whole team were a God send.  We felt like we were put into a situation where we had no advocate. Jim’s team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog’s bark like Jim’s. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.


August 16, 2022
SEC Warns Financial Advisory Firms Regarding Conflicts of Interest Tied to Compensation

The Securities and Exchange Commission (SEC) has sent a warning to financial advisory firms that they must go above and beyond solely disclosing conflicts of interest related to employee pay programs in order to avoid regulatory scrutiny. 

August 15, 2022
FINRA Proposal Would Permit Private Homes to Serve as Non-Branch Offices

The Financial Industry Regulatory Authority (FINRA) has filed proposed changes to FINRA Rule 3110 with the Securities and Exchange Commission (SEC).

August 12, 2022
SEC Charges J.P. Morgan, UBS, and TradeStation for Deficiencies Pertaining to the Prevention of Customer Identify Theft

The Securities and Exchange Commission (SEC) has charged J.P. Morgan Securities, UBS Financial Services, and TradeStation Securities over deficiencies in their programs designed to prevent client identify theft, which violates the SEC’s Identity Theft Red Flags Rule, or Regulation S-ID.