Ashok Nayyar
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Nayyar Ashok Nayyar
Morgan Stanley, in a bid to bolster its growing high-yield business, said yesterday that it had hired two senior bond executives from competitors Citigroup and Goldman Sachs. Ashok Nayyar, who worked in Citigroup's leveraged finance area for 17 years, will join Morgan Stanley as a managing director and co-head of leveraged and acquisition finance. At Citigroup, clients of Mr. Nayyar, 44, included Cablevision and Koch Industries, the industrial company. Morgan Stanley said that it had hired two senior bond executives from competitors Citigroup and Goldman Sachs. Ashok Nayyar, who worked in Citigroup's leveraged finance area for 17 years, will join Morgan Stanley as a managing director and co-head of leveraged and acquisition finance.