Morgan Stanley Adds New Group To Assess Global Risk Management

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Morgan Stanley Group Inc. is adding another layer of management to its current structure, to coordinate and oversee all of its risk management products, services and trading activities around the world. The move is largely a strategic one for Morgan, officials at the firm say, intended to sharpen the firm's focus and monitor and assess its risk globally.

Robert Feduniak, who previously headed Morgan's worldwide finance, administration and operations division, has been named to spearhead the new

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