Morgan Stanley hired Phil Allison, previously of KCG Holdings Inc., to lead the automation of its fixed-income business.
Allison will head fixed-income automated trading and report to Sam Kellie-Smith, according to a memo sent to staff Monday. He was most recently the chief executive officer of KCG Europe, a high-speed trading business that was acquired last year by Virtu Financial Inc. He was previously the global head of cash equities at UBS Group AG.
