UK stockbroker Collins Stewart has recruited a former Morgan Stanley executive director, in its most senior corporate broking hire since demerging its interdealer broking unit Tullett Prebon in December.

Collins Stewart has drafted in Piers Coombs, a former JP Morgan Cazenove banker who most recently spent less than a year and a half at Morgan Stanley before leaving in January, as the number two in its corporate broking team, which is led by Chris Wells.