It would break with the industry norm if Morgan Stanley named a new leader without losing those passed over.
The bank's profit plunged after an investment banking slump and real estate markdowns.
Morgan Stanley's Wall Street operations sputtered amid a slowdown in trading and investment banking.
The bank's trading business is trending down more than 25% this quarter compared with a year ago.
Morgan Stanley is betting its wealth-management juggernaut is only just getting started.
CEO James Gorman said in January that there are three finalists to take over as CEO when he leaves.
Troy Broderick's move is another sign that boutique firms are still on the hunt for top dealmakers.
Records show how executives across industry maintained ties with the disgraced financier.
The company also consolidated key data, technology and Aladdin risk-management groups.
A class of about 2,800 women agreed to settle the lawsuit about a month before it was set to go to trial.
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