Morgan Stanley announced a reshuffling of roles for managing directors in the banks securitized products group. The changes will help the bank develop its new issue securitization franchise.
Yared Yawand-Wossen, a managing director at the bank, will now focus on developing the bank’s new issue capital markets platform for ABS and non-agency residential mortgage products.
Wossen’s will continue to report to Robert Hershy, global deputy head sales and trading in the securitized products group.
Daniel Simet will relocate from Chicago to New York to lead the securitized products group sales in the Americas reporting to Steve D'Antonio and Jeff Pagano. Simet was previously leading the Chicago office's fixed income distribution franchise.