Morgan Stanley Names Kevin Dunleavy to Run Fixed-Income Sales

Morgan Stanley named Kevin Dunleavy, an executive who tends to some of the bank’s biggest securities clients, to run fixed-income sales as the firm looks to turn around its bond unit.

Jeff Pagano, who previously led U.S. fixed-income sales, will replace Dunleavy as head of senior relationship management, according to a memo to staff from Ted Pick, head of the broader trading division since October. Mark Lake, a company spokesman, confirmed the memo’s contents. Reuters reported the appointments earlier Monday.