Morgan Stanley's Ronnie Roy is bullish on fixed income

Morgan Stanley's head of interest rate, credit and currency IRCC in Asia-Pacific, Ranodeb Ronnie Roy, explains how the fixed-income market is going strong despite a global recession.

Before we begin, fixed income encompasses different businesses at different firms. Can you quickly explain to our readers what falls under your group's remit.

I'm responsible for what we call the IRCC business in Asia Pacific, which is interest rates, currency and credit.  

You joined Morgan Stanley in early 2008. Your group has performed well in the last 18 months.  How well have you done, and why is that

In 2008, we grew the businesses ...