Morgan Stanley reorganises Asia fixed-income division

Morgan Stanley has made changes to its Asia-Pacific fixed-income sales and trading organisation and, at the same time, created a new derivatives structuring team, the US investment bank said today.

Distribution of interest rate, currency and credit IRCC products are now aligned into country clusters, while a new corporate and insurance company derivatives structuring group combines resources from Morgan Stanley's IRCC and fixed-income capital markets FICM divisions.

Since late last year, the bank's clients have been serviced by a single salesperson advising on all IRCC products, which replaced a more diffuse set-up where coverage was provided on a product basis by several salespeople. The idea is to make the distribution system more efficient for both...