Guido Lombardo, a managing director at Morgan Stanley, has moved to Rome to join the Italian banking team, which handles corporate finance relationship management, says a firm spokesman. He now reports to Ricardo Pavoncelli, head of Italian investment banking. Lombardo will retain his Italian securitization clients.
Lombardo, who reported to Ravi Joseph, head of European securitization in London, was responsible for Southern European securitization origination and execution. He had been a member of the London-based securitization team for seven years. Lombardo will not be replaced in London, instead his duties will be assumed by various members of the securitization team, says the spokesman.