Morgan Stanley
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| Jared Epstein |
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| Mike Pohly |
Morgan Stanley's standout efforts to expand the credit derivatives market have landed it the nod for U.S. credit house. The U.S. group, under Jared Epstein, responsible for flow, and Mike Pohly, responsible for structured credit, has pushed boundaries both in terms of structuring and flow credit trading. It attracted significant attention earlier this year, for example, when it began offering credit-default swaps on leveraged loans, an alternative to trading the straight loans which are often illiquid. The U.S. firm has also set the standard when it comes to synthetic collateralized debt obligations referencing asset-backed securities, and is one of the most active dealers in this sector of the market. Since the summer, Morgan Stanley has been working with other dealers to create indices, expected to launch before year-end, of ABS and commercial mortgage-backed securities.
Nominees:
* Barclays Capital * Goldman Sachs
* Deutsche Bank * JPMorgan
