Exclusive: Morgan Stanley鈥檚 O鈥橣lynn hands the BRM reins to Patel
19 February 2021 UK
Image: steheap/adobe.stock.com
Morgan Stanley鈥檚 head of bank resources management (BRM) Ciaran O鈥橣lynn is vacating his role after five years as part of a planned 鈥渘ext phase鈥� of the investment bank鈥檚 revamp of its inner workings, SFT understands.
Tejash Patel will take over as head of BRM, reporting to Charles Smith, head of institutional securities business development, and John Ryan with respect to BRM鈥檚 firm funding and collateral optimisation activities.
Patel will assume these responsibilities alongside his current role as co-head of delta one structured products, which he has held as part of a nearly 14 year tenure at Morgan Stanley. He gained his managing director status as part of the class of 2012.
O鈥橣lynn will remain in BRM over the next several months during which he will serve as a 'senior resource' and continue to focus on the LIBOR transition in Europe, according to a memo from Smith to staff members seen by SFT.
Based in London, O鈥橣lynn has spent the past half-decade reforming the BRM business with the changing demands and developing the next generation of BRM leadership.
SFT understands he is in discussions on assuming a new leadership role within the bank.
鈥淯nder Ciaran鈥檚 leadership, we have made significant progress in evolving with changing business needs and in building a closer alignment with the rest of sales and trading and treasury,鈥� Smith writes. 鈥淚 believe the change in reporting structure will further this alignment while continuing to create exciting growth opportunities for the BRM team.鈥�
Prior to taking the helm within BRM, O鈥橣lynn was global co-head of fixed income electronic markets and before that served as head of European rates flow trading.
He first joined Morgan Stanley in 1992 as an IT analyst.
Tejash Patel will take over as head of BRM, reporting to Charles Smith, head of institutional securities business development, and John Ryan with respect to BRM鈥檚 firm funding and collateral optimisation activities.
Patel will assume these responsibilities alongside his current role as co-head of delta one structured products, which he has held as part of a nearly 14 year tenure at Morgan Stanley. He gained his managing director status as part of the class of 2012.
O鈥橣lynn will remain in BRM over the next several months during which he will serve as a 'senior resource' and continue to focus on the LIBOR transition in Europe, according to a memo from Smith to staff members seen by SFT.
Based in London, O鈥橣lynn has spent the past half-decade reforming the BRM business with the changing demands and developing the next generation of BRM leadership.
SFT understands he is in discussions on assuming a new leadership role within the bank.
鈥淯nder Ciaran鈥檚 leadership, we have made significant progress in evolving with changing business needs and in building a closer alignment with the rest of sales and trading and treasury,鈥� Smith writes. 鈥淚 believe the change in reporting structure will further this alignment while continuing to create exciting growth opportunities for the BRM team.鈥�
Prior to taking the helm within BRM, O鈥橣lynn was global co-head of fixed income electronic markets and before that served as head of European rates flow trading.
He first joined Morgan Stanley in 1992 as an IT analyst.
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