Morgan Stanley Adds to Leveraged Finance Group

Morgan Stanley(MS Quote) continued to build its leveraged finance business by hiring two veteran executives from GE Capital, according to a memo on Thursday from Michael Hart, global co-head of the acquisition and leveraged finance group.

Bruce Buchanan, 43 years old, and Dan Gioia, 40, will join the firm as executive directors and report to Jason Colodne, global head of the strategic finance group.

Buchanan will become the global head of restructuring finance and strategic lending origination. Gioia will be responsible for leveraged and asset-based lending, structuring and syndication. Prior to Gioia's addition, Morgan Stanley did not have an asset-based lending business. ...