Robert Stolar has joined Morgan Stanley Private Wealth Management to head a newly formed Family Wealth Group

Robert Stolar has joined Morgan Stanley Private Wealth Management to head a newly formed Family Wealth Group to serve ultra-high net worth clients and family offices in the US. He will lead the new group as managing director and will also serve as president of Morgan Stanley Trust. Mr Stolar joins Morgan Stanley from US Trust where he led the firm’s Family Wealth Consulting Group and, subsequently, its Western Region Multi-Family Office Group. The new unit, which will focus on families with net worth of $50 million and above, will report to Donald 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." Also joining from US Trust are Christine Guidera and Mary Davey. Ms Guidera has broad experience in family office operations and as a fiduciary officer. Prior to working for nine years at US Trust, she held positions at the Rockefeller Family Office, and the Chase Manhattan Private Bank. Ms Davey has a total of 25 years experience serving high net worth clients and family offices. She joins Morgan Stanley after working at US Trust for the last seven years. 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.