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Morgan Stanley loses senior fixed income quant as hiring heats up at the end of the year

RBC Capital Markets has just hired Morgan Stanley’s head of fixed income modelling as large investment banks continue to hire senior quantitative talent even at the tail end of 2017.

Vasily Strela, a managing director within Morgan Stanley’s fixed income quant team, has just landed at RBC Capital Markets in New York. It’s a major step up – Strela has taken the role of global head of FICC quantitative strategies at RBC.

November is an usual time to join a new employer within investment banking, particularly within the senior ranks, as bonuses have been accrued throughout the year and invariably need to be bought out.

But financial services organisations are willing to shell out for senior quants as the year draws to a close. Michael Steliaros, the former global head of quantitative solutions at Bank of America Merrill Lynch, arrived at Goldman Sachs earlier this month as global head of quantitative execution services. Meanwhile, Rajesh Nagella, who held various senior quant trading roles at Citigroup in New York, joined BlackRock as a managing director in late-October. Macquarie also hired Emanuele Di Stefano as a senior managing director in quantitative investments from Citigroup.

For all the talk of the struggle for quantitative talent in the financial sector, many making senior moves within investment banks have been in the sector for decades.

Strela joined Morgan Stanley in 2009 from J.P. Morgan, where he was an executive director in quantitative research. Before this, he was head of emerging market quants in at Bear Stearns, having had the misfortune to join in June 2007, less than a year before its collapse in March 2008. Before this, he was head of emerging markets quants at Morgan Stanley.

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Photo: Getty Images

AUTHORPaul Clarke

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