Luddington to join Morgan Stanley
Richard Luddington, one of the casualties of UBS’s decision last year to shut most of its SSA DCM functions, is joining Morgan Stanley on Monday as vice chairman of global capital markets. He will report to Henrik Gobel and Claus Skrumsager, who run the EMEA global capital markets division.
Luddingtons position will be a senior client-facing one and will span debt and equity in the CEEMEA region. Morgan Stanley ranked second for CEEMEA ECM in 2012, according to Dealogic. It was 14th in DCM, a business dominated by the big lenders.
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