Morgan Stanley sees flurry of moves amid physical sales

Jones leaves Mercuria; EDF Trading names power and gas heads; GlobalCoal's Burns moves to BTG Pactual; PVM gas brokers join OTCex; Goldman makes commodity hires


As Morgan Stanley cuts back its presence in physical oil, the US bank is seeing flurry of staff changes across its commodities unit. The moves include a spate of departures in Europe and North America, as well as two new hires in Singapore.

Tom O'Connor, the bank's New York-based head of crude oil trading, is leaving the firm after 14 years. Prior to joining Morgan Stanley, he worked as a fuel trader for US refiner and marketer Tosco. It is not known where he is headed.

Simon Fenner, head of

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