People News: Morgan Stanley, Barclays

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Morgan Stanley, the Wall Street firm retrenching in bond trading to improve returns amid an industry wide slump, has named Steve Zamsky chief operating officer of its fixed-income and commodities business.

Bloomberg News reports that Zamsky, who was global head of credit trading, replaces Steve D’Antonio, who retired after almost three decades at Morgan Stanley.

In the meantime Bloomberg also reports that the heads of Barclays’ distressed-debt and investment-grade bond trading are both leaving the firm as the bank cuts 1,200 jobs worldwide, according to a person with knowledge of the matter.

Dan Crowley, the distressed-debt head, and Anthony Bugliari, head of U.S. high-grade bond trading, are among a handful of people leaving the bank’s credit-trading unit, said the person, asking not to be identified because the information isn’t public.

Morgan Stanley Names Zamsky COO of Fixed Income, Commodities

Barclays's Distressed, High-Grade Trading Heads Said to Exit

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