Ferdie Masucci, a managing director and 16-year veteran of Morgan Stanley Dean Witter's New York corporate bond trading efforts, has left the firm and joined HSBC in New York to head up capital markets aspects of its corporate bond effort. An HSBC spokeswoman says Masucci, who started Monday last week, helms the U.S. corporate bond trading, research, sales and syndicate operations, and will reports to fixed-income head John Burrus. Masucci did not return repeated calls for comment.
A trader in MSDW's corporate bond area said that although the parting was amicable between Masucci and MSDW, Masucci was "clearly a casualty" in the wake of the much documented fixed-income personnel shifts (BW, 3/5) in the wake of firm President John Mack's resignation. An MSDW official did not return phone calls by press time.