Morgan Stanley forex co-head retires

Morgan Stanley has made Philip Newcomb sole global head of foreign exchange, following the retirement of Peter Murray at the end of January, reports Risknews ' sister publication FX Week . Murray, who was based in London, and Newcomb, based in New York, were formerly co-heads of global foreign exchange.

Paul Blain becomes head of forex for Europe in London. He was formerly head of foreign exchange sales in Europe, for which he retains responsibility.

Sarah Edgington becomes head of UK investment sales and Ekkehard Stegner head of European investment sales. Edgington joined Morgan Stanley as a forex sales dealer in July 2002 from Goldman Sachs. Stegner was previously a foreign exchange sales dealer, having joined Morgan Stanley from JP Morgan in 2000.