By Michael J. Moore
Tom
O’Connor, Morgan
Stanley’s (MS:US) head of crude-oil trading in New York,
resigned last week, according to a person briefed on the departure.
O’Connor was named a managing
director at the New York-based bank in 2009. The person asked to remain
anonymous because the departure wasn’t publicly announced.
Morgan Stanley is scaling back its
physical oil-trading business, agreeing to sell a stake in oil-transportation
company TransMontaigne Inc. to NGL Energy Partners LP and its oil-merchanting
business to Moscow-based OAO Rosneft.
Sparkspread reported the departure
earlier today.
