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Credit Trio Departs Morgan Stanley

Three more credit professionals have left Morgan Stanley's corporate credit group.

Three more credit professionals have left Morgan Stanley's corporate credit group. Armin Rothauser, high-yield trader, Brad Roberts, credit derivatives trader, and Steve Rosen, high-yield salesman, have all left the firm, according to market participants.

Rothauser is headed to RBS Greenwich Capital, Roberts is joining Goldman Sachs as a v.p. in structured credit and Rosen is headed to Deutsche Bank, according to a market participant close to the moves. The individuals involved either declined comment or did not return calls, as did spokesmen for their new firms.

The departures come shortly after some other significant ones from Morgan Stanley (BW, 2/21). It recently lost Mike Donoghue, head of U.S. credit sales, Catherine Frey, executive director in high-yield sales; Tom Thees, head of investment-grade trading, and Mark Badner, executive director in high-yield sales. None have been replaced as the firm reduces headcount in corporate bond sales and trading.

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