NEW YORK ( TheStreet) -- Morgan Stanley ( MS) reportedly has hired investment banking veteran Gary Shedlin from Citigroup ( C). Shedlin, the chairman of Citigroup's global Financial Institutions Group, plans to join Morgan Stanley as a vice chairman, the New York Post reports, citing people familiar with the matter. Shedlin's departure date from Citigroup couldn't be learned, the Post says, adding a Morgan Stanley spokesman declined to comment and a call to Citigroup wasn't immediately returned. Shedlin has served as a counselor for money manager BlackRock ( BLK), for more than a decade, according to Bloomberg. -- Written by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.