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Whispers


By Editorial Staff

March 03, 2009

Morgan Stanley's head of European leveraged credit trading has resigned. Robert Lepone, who oversaw various teams, including high yield bonds, leveraged loans, credit default swaps and distressed debt, left Morgan Stanley's London office for personal reasons, a spokesman said. His replacement will be announced in the coming weeks, the spokesman said, declining to comment further. Lepone's departure comes less than two weeks after Joseph McManus, a vice president with Morgan Stanley's investment-grade credit products group, left to join CastleOak Securities' fixed-income sales team.

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