NEW YORK (

TheStreet

) --

Morgan Stanley

(MS) - Get Report

has named Edward Keller, a company veteran, to run its U.S. prime brokerage business, which offers services ranging from clearing trades to lending money to hedge funds.

Keller, who has been with Morgan Stanley for 15 years and has worked for the company in London and Boston, will report to Alex Ehrlich, who was hired away from

UBS

TheStreet Recommends

(UBS) - Get Report

this year to head Morgan Stanley's global prime brokerage business.

Reuters

reported Keller's appointment after obtaining an internal memo that was circulated among Morgan Stanley's employees.

A spokeswoman for Morgan Stanley confirmed the memo's authenticity, according to

Reuters

.

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