Morgan Stanley has hired former Merrill Lynch executive David Moffitt for a newly created position to lead the bank’s securitised debt sales in its capital markets division. Moffitt will head the global credit solutions and will be responsible for all...

Bank of America has named Jim Smith the new state president for New Mexico. He succeeds Rick Wadley, who will remain with the bank in Albuquerque, but has stepped down from the state president role to concentrate more fully on serving southwest global...

FBR Capital Markets announced the addition of four analysts to its research platform. Alex Potter has joined FBR Capital Markets’ subsidiary Friedman, Billings, Ramsey International as senior vice president within financial institutions...

Rich King was named vice president and wealth consultant at Wells Fargo Private Bank. -The Seattle Times

ACE Limited announced the promotion of Howard S. Schrader to executive vice president and general counsel of ACE’s overseas general operations, responsible for the delivery of all legal services to ACE’s property and casualty and accident and health...