Morgan Stanley has reshuffled its global equities team, with Luc Francois moving across to focus exclusively on equity derivatives. Francois joined Morgan Stanley in July 2008 from Société Générale, where he had held the post of head of global equities and derivatives solutions. Ted Pick, his fellow co-head, will now take sole charge of global equities. Pick joined Morgan Stanley in 1990, and was appointed as co-head of global equities in 2009. Both Pick and Francois will be based in New York.