The head of Morgan Stanley’s commodities trading shop is stepping down, The New York Post reported. John Shapiro, who helped launch Morgan’s energy-trading operation, has told executives he plans to retire at the end of the year.
The shift comes in the wake of a series of missteps in energy trading.
Likely co-successors to Mr. Shapiro are Simon Greenshields, global head of power trading, and Colin Bryce, European chief of institutional sales and trading, The Post said.
2008
3:52 pm
I have been told that Wachovia may be bought by Morgan Stanley. GOOD NEWS. W.R.Price
— Posted by William R.Price