Morgan Stanley crowns King as head of oil liquids

Other commodities moves at BAML, Freepoint, GDF Suez & Goldman Sachs

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Morgan Stanley has made several key changes at the top of its commodities unit, as the bank prepares for the sale of its global oil merchanting business to a subsidiary of Russian state-owned oil company Rosneft, which was agreed in December 2013. The changes were laid out in an internal memo obtained by Energy Risk and confirmed by a bank spokesman. Most notably, Nancy King has taken over as head of the bank's oil liquids business. Previously, she held the role of chief risk officer (CR