Morgan Stanley hired two bankers for its European leveraged credit sales team.
Matthew Clark, who joins from UniCredit SpA, will focus on collateralized loan obligations and bank loan sales, according to Hugh Fraser, a London-based spokesman for Morgan Stanley. Julien Gurcel, previously at HSBC Holdings Plc, joins as an executive director. Both will be based in London and report to Geoff Drayson.
Collateralized loan obligations, or CLOs, pool leveraged loans, channeling their income into securities of varying risk and return.
To contact the reporter on this story: Patricia Kuo in London at email@example.com