GCM reshuffle at Morgan Stanley; Vinay Jayaram moves to London

Morgan Stanley's Vinay Jayaram, managing director of global capital markets (GCM) for Asia-Pacific and co-head of fixed-income capital markets for Asia, will relocate to London to lead the bank's debt and derivatives effort for financial institutions in Europe.

The move has triggered a reshuffle in the leadership within GCM Asia-Pacific that will see George Taylor and Crawford Jamieson become co-heads of GCM. The pair will take on this new role in addition to their current responsibilities as co-heads of equity capital markets for Asia-Pacific.

Julien Begasse will remain head of fixed-income capital markets -- a role he previously shared with Jayaram -- and will also become responsible for leading the new corporate and insurance company derivates structuring group, which was announced earlier this week. The new group has been set up as part of a reorganisation of Morgan Stanley's fixed-income business into country clusters with a single sales person servicing clients across products.

Jayaram's relocation comes after Morgan Stanley last August hired Ronan McCullough from Goldman Sachs to head its bond and loan syndicate for Asia-Pacific.