Ranodeb Roy, the head of Morgan Stanley’s Asia-Pacific fixed income division, is stepping down from his position at the bank, FinanceAsia reports. He will be succeeded by Stephen Glynn, who was previously global co-head of foreign exchange and emerging markets.

He will also be succeeding Roy on the Asia executive and Asia-Pacific executive committees. Roy, who joined Morgan Stanley in March 2008, was responsible for handling nearly 200 people across rates, foreign exchange, emerging markets, credit, structured credit and special situations.

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