Morgan Stanley Creates Structured Trading Head Role

Morgan Stanley has named Michael Pohly, head of credit derivatives trading in New York, global head of structured credit trading, a newly created role.

  • 18 Jan 2004
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Morgan Stanley has named Michael Pohly , head of credit derivatives trading in New York, global head of structured credit trading, a newly created role. The firm's structured credit trading operation, which previously had a more regional focus, is now global, according to one official. Regional heads in the U.S., Europe and Asia now report into Pohly, who is based in London. Pohly declined comment.

As part of the reorganization, Jared Epstein , managing director and senior credit derivatives trader in New York, has been promoted to head the New York credit derivatives trading desk and will report into Pohly. As the firm's trading volumes continue to grow, the desk is looking to add more traders as well as move into new businesses, said Epstein. High-yield is one sector in which the desk is looking to bolster its activity, however, it is not looking specifically for high yield traders but for all-rounders, he said.

Pohly continues to report to Jonathan Dorfman and James O'Brian, global co-heads of bonds, derivatives and structured credit. Previously the regional heads all reported to Dorfman and O'Brian .

 

  • 18 Jan 2004

All International Bonds

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1 Barclays 20,041.00 34 7.66%
2 Citi 18,215.95 71 6.97%
3 JPMorgan 16,098.67 49 6.16%
4 Goldman Sachs 15,821.46 36 6.05%
5 HSBC 15,568.27 47 5.95%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,607.28 5 28.65%
2 Credit Suisse 1,301.65 4 23.20%
3 BNP Paribas 522.35 4 9.31%
4 SG Corporate & Investment Banking 444.17 3 7.92%
5 Morgan Stanley 331.78 2 5.91%