Posted inPeople Moves

Morgan Stanley names Nolan as head of Asia

Morgan Stanley has appointed Michael Nolan to the newly created role of head of long-only Asia fixed income.

Based in Singapore, Nolan will be responsible for expanding the team’s capabilities in the Asian fixed income markets and fixed income clients in the region.

Previously, he was managing director with the long-only fixed income team within the firm’s traditional asset management business in New York.

Commenting on the appointment, Ronald Ong, chairman and chief executive of Southeast Asia, said: “This move illustrates Morgan Stanley’s continued commitment to building the business across Asia, and confidence in Singapore as a gateway to Asian markets.”

Michael Kushma, chief investment officer, long-only global fixed income, traditional asset management cited the opportunities available in the fixed income segment in the Southeast Asian region.

Kushma said: “There is a growing emphasis being placed on Asian bonds within the strategy and we are already witnessing the increasing liberalization of the ASEAN markets, which are starting to undergo significant market reforms. He will be instrumental in ensuring that we are taking full advantage of these developments.”

After joining Morgan Stanley in 1989 in the fixed income sales and trading division, Nolan moved to the investment management in 2005 as co-founder of a group focused on quantitative investing where he spent five years before joining the long-only fixed income team.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has $396bn in assets under management as of 30 June.

Part of the Mark Allen Group.