Morgan Stanley last week hired Joe Facchiani, associate in structured credit trading, from Merrill Lynch in New York. Mark Lake, Morgan Stanley spokesman, confirmed the hire as an addition to the firm's corporate credit group run by Mitch Petrick. Facchiani will start next month and will report to Colin Stewart, head of index and tranche trading. Terez Hanhan, Merrill spokeswoman, was not available for comment.
Morgan Stanley Bags Merrill Correlation Trader
