RBS Greenwich Capital has hired Philip Kearns from Morgan Stanley to head up the new position of volatility trading at the firm, according to Doug Greenig, the firm's co-head of derivatives and agency mortgage-backed securities. Kearns did not return a phone call seeking comment. At RBS GCM, Kearns will be a managing director, the same title he held at Morgan Stanley. At RBS GCM, Kearns will report to Greenig and derivatives group co-head Ed Orenstein.
It could not be determined to whom he reported at Morgan Stanley or who will replace him. He joined last Monday. Greenig did not respond to an e-mail query as to whether this was the first of several hires in this area for RBS GCM or whether it was purely opportunistic.