Morgan Stanley COO Jim Rosenthal to retire at end of year: memo

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Morgan Stanley chief operating officer Jim Rosenthal will retire at the end of the year.

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Rosenthal, who joined the Wall Street firm in 2008 and helped oversee the integration of Morgan Stanley with Smith Barney, will continue to serve as a senior adviser, according to an internal memo.

A Morgan Stanley spokesman confirmed the contents of the memo.

(Reporting by Olivia Oran in New York; Editing by Bernard Orr)