Morgan Stanley gains new Asian fixed income head

The US investment bank makes an internal promotion after the departure of Ben Falloon.

Morgan Stanley has promoted Niall Almeida as its new head of fixed income, currencies and commodities FICC for non-Japan Asia following the departure of Ben Falloon.

According to an internal memo seen by FinanceAsia, Kiwi Falloon has left the bank after nine years to pursue other interests.

He was made Asian FICC head in 2014 after six years as head of non-Japan Asia fixed income sales.

He had gained the role before the promotion of global head, Sam Kellie-Smith, in January 2016.

One of Kellie-Smith's first tasks was overseeing a 25% global pruning of Morgan Stanley's fixed income...

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