Morgan Stanley taps Nomura exec for new forex post

Wed Jun 3, 2009 5:08pm EDT

* Morgan Stanley hires Stephen Hull from Nomura

* Hull to be co-head of global foreign exchange strategy

NEW YORK, June 3 (Reuters) - Morgan Stanley (MS.N) has hired Stephen Hull from Japan's Nomura Holdings Inc (8604.T) to serve as co-head of global foreign exchange strategy, a newly created position, according to an internal memo.

Hull, who formerly worked for Lehman Brothers before Nomura bought the bankrupt investment bank's Asian, European and Middle East operations last year, will be based in London and begin his new post in August.

He will work in tandem with Sophia Drossos, who is based in New York and has the same job title. Both will report to Jim Caron, Morgan Stanley's global head of interest rates strategy.

At Lehman, Hull was global head of foreign exchange strategy and responsible for G10 macro foreign exchange research.

Earlier, he was a portfolio manager at Sempermacro, a macro-focused hedge fund and he worked in various roles for Goldman Sachs Group Inc (GS.N). (Reporting by Steve Eder; Editing by Andre Grenon)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.