ABN AMRO has hired Loren Norton, former credit derivatives trader at Morgan Stanley in New York, for a similar role. Patrick Phalon, spokesman in New York, confirmed the hire, but declined further comment. Arthur Leiz, head of the credit derivatives trading desk and to whom Norton reports, referred calls to John McCarthy, head of credit markets for the Americas, who was on vacation and could not be reached. Norton did not return calls.
Mark Lake, spokesman at Morgan Stanley in New York, declined comment.
