Morgan Stanley has hired Brian Jacoby as an executive director and investment-grade manufacturing analyst reporting to Ryan Marshall, global head of fixed-income credit research, according to a person with knowledge of the situation. Jacoby joins from J. P. Morgan Securities, where he was the top-ranking manufacturing analyst on the Institutional Investor All-America Fixed-Income Research Team in 2001 and 2002. He could not be reached. Marshall declined to comment. Margaret Cannella, high-grade research head at J. P. Morgan, declined comment.
Jacoby fills a void in Morgan Stanley's research group created by the departures earlier this year of Joe Philips, Doug Colandrea and Chris Melendes (BW, 5/12). No further research hires are planned, according to a person with knowledge of Morgan Stanley's hiring plans.