Morgan Stanley has appointed Jack DiMaio as the global head of interest rate, credit and currency trading. Mr. DiMaio will also join Morgan Stanley’s management committee. He has more than 20 years of experience in the bond and credit markets and previously served as the head of fixed income (North America) at Credit Suisse, as well as the head of alternative investments at Credit Suisse Asset Management.
He will report to Michael Petrick, global head of sales and trading. Mr. Petrick said, It’s not often that one has the opportunity to hire someone of Jack DiMaio’s caliber, and we are pleased that he is bringing his vast experience to bear in the leadership of our fixed income sales and trading business. Jack’s fixed income expertise and leadership skills will be particularly valuable as we look to continue building out Morgan Stanley’s client flow businesses and seize attractive market opportunities in the months ahead.
As part of the firm’s strategic plan to further strengthen its client flow businesses, the bank also hired managing director Al Chinappi and six other sales and trading professionals in emerging market credit.
Morgan Stanley also announced that it will take a minority stake in DiMaio Ahmad Capital LLC (D/A Capital). Nasser Ahmad will become the sole managing partner of D/A Capital, and Mr. DiMaio will continue his relationship with the firm as a member of its advisory board.
D/A Capital is an investment management firm specializing in credit products.
