Morgan Stanley makes organisational changes

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Morgan Stanley has made broad changes to its organisational structure and reporting lines by integrating parts of its equities and fixed income divisions.

Head of fixed income Neil Shear becomes head of trading, while institutional equities head Jerker Johansson becomes head of clients and services. Together, they become co-heads of institutional securities sales and trading, and will jointly run all product businesses and all client franchise-related profit and loss (P&L). They will continue

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