The structured derivatives sales veteran for North America is leaving the US bank in the next few months.
Larry Wilson (pictured) managing director, head of structured note sales for North America at Morgan Stanley based in New York, is set to part ways with the bank, SRP has learnt.
Morgan Stanley declined to comment on his departure. His next move remains unclear at the moment.
In his current role, Wilson is a member of the Global Equity Operating Committee, ISG Diversity Committee and IED Diversity Committee at the US bank. He reports to Iliana Bouzali, managing director, global head of equity derivative distribution.
Wilson’s registration with Morgan Stanley is still effective, Finra’s BrokerCheck shows.
Last June, Wilson was appointed as a member of the board of directors of Morgan Stanley Finance, the issuance entity for the US bank’s registered structured notes, according to the issuer’s 2023 interim financial report.
He also serves on the board of directors at PGA Reach Trustee and Digitalundivided, a non-profit startup that leverages data and advocacy to catalyse economic growth for Black and Latin women entrepreneurs.
The structured products sales veteran joined Morgan Stanley from J.P. Morgan in late 2018 after 16 years of service - his last role was managing director, head of North America retail distribution, structured investments.
Prior to that, he led the bank’s structured investments distributor marketing (SIDM) and equity derivatives sales to insurance, pensions, endowments and foundations, following Scott Mitchell's appointment as head of equity derivatives sales for North America.
In that role, Wilson was responsible for marketing cross-asset structured investments through wire-houses, registered investment advisors (RIAs), banks, broker/dealers, and private banks in the US and Canada. The team covered over-the-counter (OTC) derivatives, private placements, warrants, registered notes and certificates of deposits.
Following Wilson’s departure, Brandon Igyarto filled the boots as managing director, head of SIDM, the Americas at J.P. Morgan, with a reporting line to Mitchell.
Wilson spoke at the SRP Americas Conference 2023 last September where he talked about correlation risk for issuers and noted the importance of balancing risk premium and investors’ risk appetite in structured products.
Wilson also won the accolade of the Personality of the Year based on industry votes at the SRP Americas Awards 2019.
This story has been updated to include Wilson's reporting line and corrected to reflect the fact that Wilson has not been put on garden leave.
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