Morgan Stanley has hired Suzanne Cain, head of fixed income derivatives marketing at Deutsche Bank in New York. At Deutsche Bank she was the head marketing honcho for both credit and interest-rate derivatives, but it could not be determined what her role at Morgan Stanley will be. One headhunter said she had joined Morgan Stanley on a USD3 million per year, three-year contract.
At Deutsche Bank Cain reported to Brian Reid, head of North American sales, who did not return calls by press time. Press officers at Morgan Stanley did not return calls.