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Morgan Stanley said it hired former hedge fund manager Kay Haigh as global head of emerging markets in London, within its foreign exchange and developing markets business.

Bloomberg News reports that Haigh joined the U.S investment bank from Avantium Investment Management U.K. LLP, where he was chief executive officer and founding partner.

Before setting up Avantium in 2011, Haigh worked for Deutsche Bank AG, where he was global head of emerging markets fixed-income trading.

In the meantime, Bloomberg also reports that Pacific Investment Management Co. managing directors Brian Baker and Suhail Dada are retiring and a third has left as the investment firm recovers from the most tumultuous year in its history, according to a person familiar with the matter.

Baker, chief executive officer and director of Pimco Asia and the head of Asia ex-Japan, will retire in May, and Dada, head of the U.S. institutional business development and consultant relations group, will retire in April, according to the person, who asked not to be identified because the moves aren’t public. 

Morgan Stanley Hires Haigh to Head Global Emerging Markets

Pimco’s Baker, Dada Said to Retire as Dhoraisingam Leaves

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