Morgan Stanley appoints head of FX and EM trading
Morgan Stanley has hired a Citi and Deutsche Bank veteran as global head of FX and emerging markets trading.
Giovanni Pillitteri is set to join Morgan Stanley in October to fill the newly created role. He will be based in New York and report to Jens Andersen, managing director of FX trading.
Pillitteri joins from Citi, where he has worked from 2008, most recently as managing director and co-head of FX automatic trading. Before that, he worked in electronic FX trading at Deutsche Bank from 2002. Pillitteri began his career in the industry as an FX quantitative strategist at Lehman Brothers in 2000.
Morgan Stanley overtook Goldman Sachs to claim ninth position overall in this year’s Euromoney FX Survey with a market share of 3.52%. The bank’s most eye-catching mover came in options, where it rose from 10th to fifth position, taking its market share up from 5% to 7.9%.