Morgan Stanley has hiredSanjay Verma to run its long-dated and zero coupon U.S. Treasury trading book. Verma, who starts today, moves over fromCredit Suisse First Boston. He had already left the firm as of late last week and did not respond to an e-mail seeking comment. He will be a managing director and report to Kurt Von Uffel, Morgan Stanley's head of government bond trading, says Mark Lake, a firm spokesman. Lake notes that Verma's hire is an addition and that he is not replacing anyone.
Verma had been at CSFB for several years and was a managing director, reporting to Patrick Hassell, the government bond desk chief. A CSFB official says Verma will be replaced by an external hire, although no timeframe was given. Prior to joining CSFB, Verma worked at Goldman Sachs and Lehman Brothers.