Morgan Stanley's former co-head of European credit trading resurfaces at a hedge fund
In the past few years, there have been a series of departures from Morgan Stanley's credit trading team, but not all have rushed into new roles. After almost two years out of the market, the bank's former co-head of European credit trading is back... at a hedge fund.
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Rani Nazim joined Verition Fund Management this month as a credit portfolio manager, based in its London office. She previously spent 19 years working at Morgan Stanley, joining as a graduate and making MD at the age of 33. Her promotion seemed particularly impressive at the time, as the bank was in the midst of cutting 25% of its fixed income trading team.
Nazim, born in Pakistan, has worked across multiple of Morgan Stanley's global offices. She started as an analyst in Hong Kong before moving to New York as a VP. She moved to London alongside her MD promotion.
Nazim left the bank at the end of 2023. Since then, she has worked as a self-employed angel investor, which she was also doing for years at Morgan Stanley before she left.
Leaving banking for a hedge fund, especially after a few years out, can be a difficult transition, but Verition is thought to be a friendlier hedge fund to work for than most. It also cut a few traders earlier this year, though, so its kindness has limits.
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