Morgan Stanley has lost two senior members of its corporate bond research group to rival firms. Matt Clark, a retail, consumer products and healthcare analyst who has appeared on the Institutional Investor All-America Fixed-Income Research Team for six straight years, has joined Salomon Smith Barney's San Francisco office as a corporate bond salesman reporting to Jeff Gibbons, managing director. Clark and Gibbons confirmed the hire, but declined further comment. Frank Henson, who had reported to Clark, is taking over lead coverage responsibilities at Morgan Stanley, according to high-grade sell-side officials familiar with the situation. Henson declined comment.
Sue Berliner has joined Bear Stearns as a managing director and high-grade analyst covering real estate investment trusts (REITs) and the leisure industry, according to Michele Agostinho, a Bear Stearns spokeswoman. Berliner fills a void created by the departure of Ann Maysek to Deutsche Bank Securities last year. She will report to Doug Colandrea, head of high-grade research. Berliner covered finance companies at Morgan Stanley.
A call to Ryan Marshall, head of fixed-income research at Morgan Stanley, was referred to Diana Quintero, a spokeswoman for the firm, who declined comment.