Nathan Stone, director in U.K. high-yield sales at UBS in London, has left to join Morgan Stanley in London in a similar role. He will report to Suzanne Cain, head of high-yield sales. Cain did not return calls by press time.
At UBS, Stone reported to Guy Cornelius, managing director and co-head of European fixed-income rates and commodities sales. Cornelius referred calls to Gemma Piggot, spokeswoman. She declined further comment.