Kushma, who joined the firm in 1987, is co-head of the global and European fixed income team for Morgan Stanley Investment Management, the New York-based bank said today in a statement. He will oversee the asset-management unit’s fixed- income strategies, according to the statement.
The group had $56 billion in fixed-income assets under management as of March 31, an increase of about 10 percent from a year earlier. Morgan Stanley sold its retail asset-management business, including the Van Kampen funds, to Invesco Ltd. last month to focus on institutional funds.
“A robust fixed income capability is key to MSIM’s ability to serve clients across multiple asset classes,” Gregory Fleming, who was hired last year as president of the unit, said in the statement. “We continue to see strong momentum across our entire long-only business, including fixed income where we have garnered positive flows as a result of strong performance.”
Morgan Stanley also hired Sara Fuber as chief operating officer of the long-only business, Jim Janover as global head of risk for the investment-management unit and Lisa Jones as its global head of sales, according to the statement. The firm also hired Navtej Nandra to lead Morgan Stanley Investment Management International.