People News: KCG, Goldman, Morgan Stanley

Algorithmic trading firm and brokerage KCG Holdings has hired former Goldman Sachs managing director Michael Seigne to help develop its European business among bank and investment-firm customers.

Bloomberg News reports that Seigne will oversee sales for exchange-traded funds, program trading and electronic trading in equities at KCG in London starting in the second quarter. The move reunites him with Rob Crane, his colleague of 12 years at Goldman Sachs, who has been KCG’s head of European execution services since last summer.

In the meantime, Reuters reports that Morgan Stanley has appointed Motaz Alangari as its head of investment banking for Saudi Arabia, according to an internal memo seen by the news agency and confirmed by a spokesman for the U.S. bank on Monday.

Alangari joins the bank from Samba Capital, the investment banking arm of Samba Financial Group, and will report to Patrick Delivanis, Morgan Stanley's head of investment banking in the Middle East and North Africa.

KCG Hires Goldman's Seigne to Expand European Electronic Trading

MOVES-M.Stanley hires Alangari as Saudi investment banking head

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