Morgan Stanley Names Ted Pick Sole Head of Equities Trading
This article is for subscribers only.
Morgan Stanley, the sixth-largest U.S. bank by assets, named Ted Pick sole head of equities as his co-chief, Luc Francois, concentrates on expanding the firm’s equity-derivatives business.
David Russell, head of equities in Asia, will relocate to London to run European equities, New York-based Morgan Stanley said today in a memo obtained by Bloomberg News. Gokul Laroia, currently co-head of Asia-Pacific investment banking, will replace Russell in Asia. Kate Richdale will become the sole head of Asia-Pacific investment banking, according to the memo.