Morgan Stanley Rolls Out New Global Division

Despite its complicated moniker, ""Morgan Stanley's"":www.morganstanley.com/ newly formed Financial Institutions Group Global Capital Markets (FIG GCM) team has a simple mission - to help banks around the globe navigate financial and capital challenges. The advisory division will target organizations worldwide, offering strategies, underwriting, and decision-point support for clients.

[IMAGE]

News of FIG GCM's formation leaked out via _DealBook_, which obtained a related internal document from Morgan Stanley. According to the memo revealed by the ""publication"":http://dealbook.nytimes.com/, the team will be responsible for advising clients, as well as underwriting stock and debt structures.

Morgan Stanley's Shyam Parekh will head up the FIG division out of London, and New York-based Kevin Ryan and Taylor Wright will round out the leadership. Parekh was formerly in

[COLUMN_BREAK]

charge of FIG capital markets internationally, while Ryan previously ran the company's FIG Solutions team stateside. Wright led Morgan Stanley's FIG equity underwriting division in the U.S. prior to his appointment to the advisory division.

_DealBook_ released the memo from within Morgan Stanley, which said in part, ""Our capital markets business is the industry's premier client franchise because we are able to deliver the full range of solutions around the world seamlessly. To ensure we maintain and strengthen our leadership, I am pleased to announce the following new initiatives. We are creating a global FIG practice (FIG GCM), which will incorporate both debt and equity capital markets solutions.""

Written by Raj Dhanda, head of Morgan Stanley's global capital markets division, the internal statement included positive notes on the newly named team leaders, saying, ""We are confident that their joint skill sets will enhance our ability to consistently create and execute integrated solutions that are so important to our FIG clients globally, particularly as they navigate current market volatility and increased regulatory pressures.""

Dhanda's memo also announced two additional promotions at Morgan Stanley, revealing that Claus Skrumsager and Leo Civitillo were now the co-heads of global debt derivatives. Skrumsager moves up from his previous position as the company's European leader of fixed-income capital markets, and Civitillo formerly held an identical role for Morgan Stanley in the U.S.