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Morgan Stanley Said to Start Fixed-Income Job Cuts in London

The Morgan Stanley headquarters in London.

The Morgan Stanley headquarters in London.

Photographer: Simon Dawson/Bloomberg
Updated on

Morgan Stanley began cutting its fixed-income business in London and may continue reductions on Monday as it pares back global operations, according to people familiar with the matter.

Isabel Mahony, head of financial credit trading; Thomas Moore, head of desk research for investment-grade and high-yield credit; and Adam Clary, head of European credit sales to real-money investors, are among those leaving the firm, said the people, who asked not to be identified because the details are private. Kevin Edwards, who traded financial bonds, is also being let go, according to the people.