Morgan Stanley merges equities and fixed income

Morgan Stanley has merged reporting lines for equities and fixed income.

Head of fixed income Neil Shear becomes head of trading, while institutional equities head Jerker Johansson becomes head of clients and services. Together, Shear and Johansson remain co-heads of institutional securities sales and trading, and continue to be based in New York.

Regional profit and loss will now be the responsibility of Morgan Stanley’s newly appointed regional heads of sales and trading. These are Phil

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