Morgan Stanley builds Canada power and gas team

Morgan Stanley has hired 10 local traders for a new power and gas desk in Vancouver, boosting its North American gas and power business.

The new team will focus on western North American markets. It is largely comprised of ex-traders from Vancouver-based Powerex, the government-owned energy marketing and trading subsidiary of Canadian utility BC Hydro. This includes former head trader Murray Margolis and the first Morgan Stanley hire, Ali Yazdi, previously director of California and Southwest markets for Powerex.

Peter Sherk, head of power and gas in the Americas at Morgan Stanley, provided details of the hires in a memo sent to

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