Morgan Stanley Hires Lehman Trader
Ted Greenspan, a senior utilities trader, has left Lehman Brothers, and will join Morgan Stanley as a principal early next month, according to Tom Thees, New York head of investment-grade trading at Morgan Stanley. Greenspan fills a void on the desk created by the departure of Mike Heaney, who is moving to London to become the firm's head of European syndicate.
Thees says the firm will also need to find a replacement for Charles Cho, a telecom trader who will join the desk in London, but he has not yet decided if the new trader will come from Morgan Stanley or another firm. Greenspan could not be reached. Rick Rieder, co-head of global credit trading at Lehman, did not return calls.