Morgan's fixed income business undergoes reshuffle

Following the promotion and relocation of fixed income chief Victor Garber to New York and the global realignment of the firm's fixed income division, Morgan Stanley has reorganized its Asia Pacific fixed income division. The bank says the aim of the reorganization is to provide more effective client focus and to leverage synergies between resources in Tokyo, Hong Kong and Singapore.

James Sandling and Jon Kindred, both based in Tokyo, now share responsibility for the division on a regional basis. Kindred will be ultimately responsible for all credit products and Sandling for interest rate products, including government bonds, interest rate swaps and foreign exchange.

The previous head of the firm's commodities business for Asia Pacific, James Moonier will now be responsible for the division's client relationships and distribution of fixed income, foreign exchange and commodities products. Ian Potter, an executive director, will be responsible for the day-to-day running of the commodities business. Both Moonier and Potter are based in Singapore.

Hong Kong-based managing directors Jia Lin Liu and Andrew Tsai will share responsibility with Joe Kraft, a Tokyo-based managing director for the day-to-day running of the firm's foreign exchange business. Liu also has trading responsibility for interest rate products for Asia Pacific.