Under the new management team, Ronald Kessler, vice chairman of A.G. Edwards and director of operations, will keep his post. Douglas Kelly, currently chief financial officer and director of law and compliance for A.G. Edwards, will become the chief operating officer for the combined company. Gene Diederich, director of branches at A.G. Edwards, will co-direct the Private Client Group branch system at the combined firm with Terry Chase, Wachovia's Western region president for Private Client 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.