Bloomberg News reports that Jung, who traded asset-backed securities for the lender, was appointed after the departure of Benjamin Hasted, said the person, asking not to be identified because they’re not authorized to speak publicly. Hasted will head sterling credit trading at HSBC.
In the meantime, Reuters reports that one of Morgan Stanley's most senior technology executives, Moira Kilcoyne, has left the bank.
Kilcoyne, who co-headed the bank's global technology and data business alongside Steve Lieblich, retired from Morgan Stanley earlier this year after joining the firm in 1989, a Morgan Stanley spokesman said.
Lieblich will take responsibility for running the technology division.