Morgan Stanley reshuffles oil liquids business amid Rosneft acquisition

Commodities CRO Nancy King is elevated to head of oil liquids at US investment bank

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Morgan Stanley, New York

Morgan Stanley has made several key changes at the top of its commodities unit, as the bank prepares for the impending sale of its global oil merchanting business to a subsidiary of Russian state-owned oil company Rosneft. Most significantly, Nancy King has taken over as head of the bank's remaining oil liquids business. Previously, she held the role of chief risk officer (CRO) for Morgan Stanley's commodities division. Since joining the bank in 1986, she has held a number of senior roles, in