Morgan Stanley (NYSE:MS) Private Wealth Management today announced that Robert Stolar has joined the Firm to head a newly formed Family Wealth Group and has appointed an experienced team to serve ultra-high net worth clients and family offices in the United States.
Mr. Stolar, who joins Morgan Stanley from U.S. Trust, will lead the new group as Managing Director, and also will serve as President of Morgan Stanley Trust, N.A. Joining Mr. Stolar from U.S. Trust are Christine Guidera and Mary Davey.
The new unit, which will focus on families with net worth of $50 million and above, will report to Donald J. Herrema, Managing Director and Head of Private Wealth Management, Americas.
“We are extremely pleased that this seasoned team, with extensive knowledge of the ultra-high net worth market, has joined Morgan Stanley,” said Mr. Herrema. “Bob and the team bring significant experience in Private Wealth Management and a breadth of product knowledge that will support the Firm’s expansion plans serving ultra-high net worth clients and family offices.”
Mr. Stolar started his career in 1986 and was a Senior Manager at Price Waterhouse for two years prior to joining U.S. Trust Company, where he worked for 16 years. He led the company’s Family Wealth Consulting Group and, subsequently, its Western Region Multi-Family Office Group. He received a B.S. degree from the University of Illinois, a J.D. from Quinnipiac University and an LL.M. in Taxation from Boston University.
Ms. Guidera has broad experience in family office operations and as a fiduciary officer. Prior to working for nine years at U.S. Trust, she held positions at the Rockefeller Family Office, and the Chase Manhattan Private Bank. She is a graduate of Fairfield University and received an Executive M.B.A. from Columbia University.
Ms. Davey has a total of 25 years experience serving high net worth clients and family offices. She joins Morgan Stanley after working at U.S. Trust for the last seven years.
Morgan Stanley Trust, N.A. is a limited-purpose national bank providing trust services to ultra-high net worth clients throughout the United States.
Morgan Stanley Private Wealth Management provides a range of investment and private banking services to ultra-high net worth individuals, families and related institutions in the Americas, Europe, the Middle East and Asia.
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