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Ghanaian born Peter Akwaboah has been promoted to Chief Operating Officer position at Morgan Stanley. Mr Akwaboah who was previously Head of shared services and banking operations will now take charge of the company’s tech and operations division.

Mr Akwaboah’s new role as COO of the group was announced by Rob Rooney, the head of technology, operations, and firm resilience in a memo sent to employees on Wednesday viewed by Insider.

Akwaboah, a former student of St Augustine’s College will oversee operations and technology strategy for the firm, including a team of 300 people, and report directly to Rooney, the source said. A key focus of Akwaboah will be on transforming how the bank delivers its offerings and services to both its clients and employees, the source said.

He is replacing Jason Dandridge, who has left the firm, according to a source familiar with the situation.

Akwaboah joined Morgan Stanley as COO for operations in December 2015 after a decade at the Royal Bank of Scotland. Morgan Stanley’s technology, operations, and firm resilience division includes more than 20% of the firm’s global workforce, or some 13,600 employees.

The announcement follows a leadership shuffle within the division last fall, when the bank named Katherine Wetmur to head of technology and operations risk and Sigal Zarmi, who was formerly the bank’s head of transformation, to the role of international chief information officer.

Akwaboah is also co-chair of the Morgan Stanley Black Employee Network, an internal group that aims to support and advocate for Black employees.