Morgan Stanley’s head of bank resources management (BRM) Ciaran O’Flynn is vacating his role after five years as part of a planned “next phase” of the investment bank’s 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’s 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’Flynn 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’Flynn 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.
“Under Ciaran’s 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,” Smith writes. “I believe the change in reporting structure will further this alignment while continuing to create exciting growth opportunities for the BRM team.”
Prior to taking the helm within BRM, O’Flynn 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.
