Richard Hill will head CMBS and commercial real estate research at Morgan Stanley. The move follows his departure from the Royal Bank of Scotland in May, a person at the bank confirmed.

Hill has over 10-years of structured finance experience with a focus on CMBS as well as CLOs, CDOs and Derivatives. At RBS he was a director of CLO & CMBS Strategy. In this role he focused on cross sector relative value between CLOs, CMBS and corporate bonds in both the primary and secondary markets.

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