New York-based bank Morgan Stanley has named a new head for its fixed income trading unit as it bids to survive the struggling business.
Sam Kellie-Smith will replace global co-heads Robert Rooney and Michael Heaney and will also take on responsibility for the commodities division, according to a bank memo.
Rooney will become chief executive of Morgan Stanley International and head of Europe, the Middle East and Africa. Heaney will retire from Morgan Stanley.
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