Morgan Stanley has signed up Pan Tan, v.p. in credit trading at Bank of America in London, as a v.p in structured credit products. He reports to Jerome Anglade, managing director in the group, who did not return a phone message. Tan starts at the firm this week, but could not immediately be reached.
At BofA, Tan reported to Alex Bernand, managing director and former head of structured credit trading who recently quit the firm to join Deutsche Bank (DW, 3/8). Liz Wood, BofA spokeswoman, said neither has yet been replaced.