Morgan Stanley next month will shunt Robert Breden, head of Asian investment-grade credit trading and structuring, from Tokyo to Hong Kong. The move is seen as part of a push to boost its presence in credit Asia ex-Japan, for which the house has been bringing in trading staff as well as recently relocating Brian Neer, executive director from New York to Hong Kong in a new role as head of structured credit for Asia (DW, 5/5). "There's more of an onus now for the firm to become a major player in credit," said a credit market official in Tokyo.
Breden was on holiday and could not be reached and Pauling Cheung, spokeswoman, did not return messages by press time.
