People News - BNP Paribas, Morgan Stanley

BNP Paribas co-heads of fixed income in the Americas, Kip Testwuide and Christian Mundigo, are being replaced by Bob Hawley, who now leads the business in the Asia-Pacific region.

Bloomberg News reports that the company said in September it was restructuring its corporate and investment banking unit to create management across four product lines and three regions.

In North America, the bank is looking to 'consolidate our presence in a major market' and 'adapt the business model to changes in market infrastructure', according to a slide from a February 13th presentation.

In the meantime, Bloomberg also reports that Morgan Stanley named Shelley O’Connor to lead its brokerage workforce, the world’s largest, replacing Doug Ketterer, who was appointed head of strategy and client management.

Eric Heaton was named to succeed O’Connor as head of the private banking group, Greg Fleming, president of wealth management for Morgan Stanley, said in a memo to employees.

BNP Replaces Americas Fixed-Income Co-Heads With Asia Chief

Morgan Stanley Promotes O’Connor to Lead Firm’s Brokers



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