Morgan Stanley's Kellie-Smith to Run Bond Unit; Heaney Exits
- Unit co-chief Rooney will oversee the firm's European business
- Equity-trading unit's operating chief Berke gets expanded role
This article is for subscribers only.
Ted Pick, head of Morgan Stanley’s trading division since October, shuffled key lieutenants as he seeks to turn around the firm’s struggling bond business.
Sam Kellie-Smith, global head of equities trading under Pick, will run the fixed-income unit, the bank said Thursday in a memo to staff. He replaces Michael Heaney, who’s leaving, and Rob Rooney, who will oversee the company’s business in Europe, the Middle East and Africa. Matt Berke, currently chief operating officer for the equities business, will expand that role to cover all of sales and trading.