A memo distributed internally to Morgan Stanley employees said that the appointment of Hutchison and Templer to roles where they would oversee listed derivatives like options and futures marks a significant step in the firm's plan to expand its global sales and trading business. Templer later left Morgan Stanley in 2011.
Hutchison worked at UBS for more than six years. Prior to UBS, he spent 18 years at Goldman Sachs (GS) working in the areas of derivatives and prime brokerage. Previous to joining Goldman Sachs, he traded grain for five years for Bunge.
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