Morgan Stanley poaches DrKW credit head in Tokyo

Morgan Stanley has hired Mark Mallia as an executive director to be the senior trader and product manager for US and European bond and credit default swaps in Asia time, according to Robert Breden, executive director in the fixed-income division of the bank in Tokyo.

Reporting to Breden, Mallia will join the Japan and Asia-Pacific investment-grade and high-yield trading and structuring business.

Mallia joins the bank from Dresdner Kleinwort Wasserstein, where he was head of credit products Asia-Pacific.

Breden added that Mallia’s appointment highlights the US investment bank’s strong commitment to providing Asia-based clients with a quality service and execution for global products in Asian hours.

Mallia replaces Ted Lo, who will relocate to London to be a senior trader on the European syndicate desk, reporting to Mike Heaney, managing director in the global capital markets division.