London fixed-income veteran promoted at Morgan Stanley

The US bank names London-based veteran Robert Rooney as global co-head of fixed income sales and trading, after a tough first quarter for the unit

Morgan Stanley has promoted London-based veteran Robert Rooney to global co-head of fixed income sales and trading alongside a US colleague, following the departure of the previous head and a tough first quarter for the unit in which revenues fell more than 40% year-on-year.

The US bank announced yesterday that Ken deRegt, its head of fixed income, would leave the firm and be replaced by Michael Heaney and Rooney.

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