Paul Hatch [#16 on MFWire.com's 2010 influencers list] is leaving Morgan Stanley Smith Barney. President George Fleming announced Hatch's impending departure yesterday via a memo sent to employees and seen by MFWire.com. Hatch will stay on as vice chairman until retiring at the end of 2012. Meanwhile, Fleming is reorganizing his team.

InvestmentNews and Reuters both reported on the news.

"Some time ago, Paul Hatch told me of his desire to change career paths and pursue new entrepreneurial passions," Fleming said in the memo. "I asked him to delay his plans see us through the integration, to which he graciously agreed. Today, only a few weeks from completing virtually all of our platform integration, I'm announcing that Paul is moving forward and will retire from the firm at year-end."

Hatch, MSSB's mutual fund gatekeeper, climbed to head of investment strategy and client solutions last year. Now Fleming will combine Hatch's unit with MSSB capital markets to create the new investment products and services organization, led by ex-U.S. wealth management chief Andy Saperstein.

Also as part of the reorg, U.S. private wealth management chief Doug Ketterer will take the post of head of U.S. field management. Both Ketterer and Saperstein report to Fleming.

"This new organizational structure will help facilitate easier access for our FAs to a complete range of investment products and services," Fleming said in the memo. 

Edited by: Neil Anderson, Managing Editor


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