Morgan Stanley has hired Richard Cohen, head of Pacific Rim credit derivatives at Merrill Lynch in Tokyo, in a new role as v.p. in credit derivatives trading in Hong Kong. Cohen is a well-known veteran in the region's credit mart, according to rival traders (DW, 2/2). Simon Locke, spokesman at Morgan Stanley, said Cohen has joined in Tokyo but is moving to Hong Kong in the coming weeks to handle trading for credit derivatives and structured credit products for non-Japan Asia.
Cohen reports to Robert Breden, executive director and head of investment grade credit trading in Tokyo. Breden was traveling and could not be reached. Cohen referred queries to Locke.
