Morgan Stanley names European pensions head

McKay moves from PricewaterhouseCoopers, where he has worked since 1990. Having had various posts in London and New York, he recently served as a partner within its pensions arm.

His new appointment is also in London, where he will lead a team advising clients on pension-related issues. This will include managing and reducing pension fund deficits, and dealing with pensions in merger and acquisition scenarios. He will report to Jakob Horder, Morgan Stanley’s head of capital markets for European financial institutions.

He fills a gap left by Alan Rubenstein, who left to become a managing director and European head of Lehman Brothers’ pensions advisory group in February.