US clearing head leaves Morgan Stanley

New York-based client clearing head leaves as OTC clearing competition hots up


Andrew Huszar, US head of over-the-counter client clearing at Morgan Stanley, has left the bank.

Huszar was based in New York, reporting to Stephen O’Connor, global head of OTC client clearing at the firm. Morgan Stanley would not comment on the reasons for his departure.

Huszar's exit comes as dealers jostle to provide clients with access to derivatives clearing houses. Last year, CME Group reported a spike in clearing volumes that dealers attributed to Pimco starting to clear, and other big

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