Morgan Stanley has hired two senior former Barclays Capital bankers for its global capital markets (GCM) business, Gary Cottle and Robert Palache. Both Cottle and Palache had been managing directors and will join the US house with the same rank. Cottle, who had been head of EMEA corporate risk advisory at Barclays, will join Morgan Stanley as head of corporates in GCM, a position that spans corporate debt and derivatives, enterprise risk management, liability management and transaction management.
June 23, 2006