Morgan Stanley today announced the appointment of Paul Halpern as Head of Deposits and Banking Services for the Morgan Stanley Private Banking Group in which he will lead the Firm’s Cash Management and Deposits strategy and execution. Halpern will also work closely with Paul Vienick, Head of Morgan Stanley Online/Mobile and Digital Banking, on the development of the Firm’s digital banking products and solutions and team with Financial Advisors to help them better engage with clients to offer the full range of wealth management services. Morgan Stanley has been making significant investments in leading tools and technology over the past year that significantly enhance the client-Financial Advisor relationship and show that it is the technology-enabled Financial Advisor that will lead the industry forward. Halpern will report to Eric Heaton, Head of Morgan Stanley’s Private Banking Group.
“Paul is a talented financial services executive who has a strong background in full service, Financial Advisor-centric business models. He has first-hand knowledge of the primary importance of the Financial Advisor in serving the broad requirements of clients. We are delighted to have him join the Morgan Stanley team,” said Eric Heaton.
Halpern joins the Firm from Betterment, where he served as Chief Marketing Officer since 2017. Prior to that, he held a succession of management positions at Bank of America/Merrill Lynch, including Head of Merrill Lynch Segment and Brand Marketing, since joining the company in 2013. He also served as Executive Vice President in a variety of roles covering Banking and Investing Product and Site Marketing at E*Trade Financial Corp. Halpern has an undergraduate degree from Tufts University and a Master’s in Business Administration from Harvard Business School.
“I am very excited to join Morgan Stanley, the leader in Wealth Management. Having experienced a range of different models, it’s clear that the future of wealth management is the combination of industry-leading technology and world-class personalized financial advice, and Morgan Stanley is strongly positioned to deliver this unique combination of value to their clients. I look forward to working closely with Financial Advisors to help them broaden relationships with their clients, particularly in regard to the Firm’s full suite of banking services,” said Halpern.
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.