Morgan Stanley Said to Hire Asia Head of Electronic Trading

Morgan Stanley hired Bank of America Corp.’s Gabriel Butler as head of electronic trading for Asia excluding Japan, according to two people familiar with the move.

Butler, who was head of electronic trading sales at Bank of America Merrill Lynch where he worked until last week, will start at Morgan Stanley in Hong Kong by August, the people said, asking not to be identified because the move hadn’t been announced. Butler replaces Joseph Sarcona, who was promoted to global co-head of listed derivatives for the electronic trading team in New York, the people said.