Morgan Stanley has made two trans-Atlantic hires for its FX prime brokerage business, with both new employees joining from JP Morgan.
Rob Sagurton will join the New York FX prime brokerage team as executive director and senior marketer while Juha Sternberg is joining the team in London as executive director and senior marketer. Sagurton and Sternberg will report to James Reilly, co-head of FX prime brokerage.
Reilly joined the firm in 2009, along with Martine Bond, now COO of FX and EM at Morgan Stanley, Michael Irwin, co-head of FX prime brokerage and Simon Poole, vice president, prime brokerage, from JP Morgan (Squawkbox, 1 June 2009).
In other developments at the bank, Darragh McCarthy has been promoted to head of sales for interest rates, currencies and credit (IRCC) for Europe, Middle East and Africa and will relocate to London from New York within the next month.
He was previously head of sales for IRCC North America. Jeff Pagano will assume McCarthy’s position in New York. Pagano, who joined Morgan Stanley 18 months ago, previously held senior fixed income sales management roles at JP Morgan and Bank of America. McCarthy and Pagano will report to global head of IRCC distribution, Rob Rooney.