People News: Morgan Stanley, Barclays

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Morgan Stanley reorganized parts of it U.S. residential-mortgage business, putting Jared Mesznik in charge of all of its trading groups focused on the debt.

Bloomberg News reports that the changes included shifting oversight of trading in a government-backed type of the debt known as agency mortgage pass-throughs under Mesznik in the bank’s securitized-products group, from its interest-rates team, according to a June 10 internal memo.

Mesznik, who managed trading of agency collateralized mortgage obligations before the moves, now oversees trading in those two types of bonds, non-agency CMOs and residential loans.

In the meantime, Bloomberg also reports that Barclays appointed Makram Azar as its chairman for the Middle East and North Africa, two months after John Vitalo left as chief executive officer for the region.

Azar will continue as vice chairman of the bank’s global investment-banking division, according to an internal memo obtained by Bloomberg News that was confirmed by a bank spokesman in Dubai. Barclays also said it appointed Andrew Mortimer as country manager for the Middle East.

Morgan Stanley Puts Mesznik Atop Mortgage Trading Team

Barclays Names Makram Azar Chairman in Middle East

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