Kevin Corgan, executive director in high-yield cash and credit derivatives trading at Morgan Stanley in New York, has left the firm. He is tipped to join JPMorgan in October as head of high-yield trading, but was on gardening leave and could not be reached for comment. It could not be determined if the JPMorgan role is a new one, or if Corgan would be a replacement.
Dan Allen, head of high-yield trading at Morgan Stanley, was unavailable for immediate comment. Brooke Harlow, JPMorgan spokeswoman, declined comment.
