Wall Street Journal: Harold Ford Leaving BofA to Join Morgan Stanley

February 22nd, 2011

Wall Street Journal

FEBRUARY 22, 2011, 6:03 P.M. ET

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Former Tennessee congressman Harold Ford Jr. is leaving Bank of America Corp. to join Morgan Stanley as a managing director and senior client relationship manager.

Mr. Ford, who will join Morgan Stanley on March 7, will work across all business divisions at the investment bank and manage relationships with corporate directors, senior executives and institutional investors, as well as private clients, the company said Tuesday.

At Morgan Stanley, he will report to Greg Fleming, head of Morgan Stanley’s asset-management business and its Smith Barney brokerage joint venture, and Paul Taubman, co-president of the firm’s institutional securities group.

Mr. Ford served in Congress from 1997 to 2007 as a Democrat from Tennessee.

The move to Morgan Stanley reunites Mr. Ford with Mr. Fleming, whom he worked for at Merrill Lynch. Mr. Fleming had been the president of Merrill’s global markets and investment-banking group. Mr. Ford was a vice chairman and senior policy adviser for four years at Merrill Lynch and Bank of America, which acquired the investment bank on Jan. 1, 2009.

News of Mr. Ford joining Morgan Stanley was reported earlier Tuesday by CNBC.