Brevan Adds Morgan Stanley Rates Trader Adams

May 25 2012 | 3:22am ET

Morgan Stanley's top Antipodean interest rates trader has joined Brevan Howard Asset Management.

David Adams will move from Sydney, Australia, to Hong Kong to take up his new post, The Wall Street Journal reports.

At Morgan Stanley, Adams was head of the rates trading desk in Sydney. He focused on Australian and New Zealand sovereign debt, but also traded other Asia-Pacific government bonds.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.