Morgan Stanley is looking to expand its already formidable presence in the European fixed-income business and to that end wants to hire origination bankers, salespeople and traders for its London office. Jonathan Chenevix-Trench, head of European fixed income, says the firm is still very positive on the European market and wants to develop its presence. The firm is looking for originators for asset-backed securities, corporate and government bonds and is looking for salespeople and traders across the board. Chenevix-Trench did not say by how much Morgan Stanley would increase its fixed-income headcount.
Last year, Morgan Stanley ranked fifth in the all euro-denominated corporate bond bookrunners league table and fourth in the all euro-denominated investment-grade bonds league table, according to Thomson Financial.