Credit derivatives House of the Year - Morgan Stanley


When Risk interviewed Morgan Stanley late in 2002 as part of that year’s awards process, Jim O’Brien, co-head of global investment-grade credit in New York, was remarkably candid: “We only have a 44% market footprint in the US,” he said. “It’s something we need to work on.”

A large penetration rate is not just important in terms of topping league tables and massaging bankers’ egos. Such a platform is a critical component in hedging out risks from structured credit product deals, es