Morgan Stanley Smith Barney has nominated James J. Tracy as chief operating officer of distribution and development, wealth management in the US. His responsibilities will include business development, professional development, talent management and national branch services.Tracy will report to Andy Saperstein, head of wealth management in the US. “In a career spanning over 25 years, Jim Tracy has demonstrated outstanding leadership in all aspects of wealth management,” says Saperstein. “He helped build the industry’s leading investment advisory business and is committed to helping financial advisors achieve the highest levels of professional development. I look forward to working with him as we continue to build Morgan Stanley Smith Barney.”