Morgan Stanley Promotes Santoro to Head of Global Equity Trading
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Morgan Stanley, Wall Street’s biggest stock-trading shop by revenue, promoted Peter Santoro to global head of equity trading after Sam Kellie-Smith was put in charge of the firm’s struggling fixed-income business.
Santoro, 44, had been head of equity trading for the Americas since 2010 at New York-based Morgan Stanley, according to a Jan. 25 memo to employees from Ted Pick, global head of trading. Kellie-Smith, who was Santoro’s boss as global head of equities, was assigned this month to help turn around the bank’s bond-trading business, where returns fell short of the firm’s targets.