Morgan Stanley’s newest trading chief came courtesy of a rival
What do you do if you’re a young superstar trader at a huge, globally successful firm? Well, perhaps you leave it and join a rival.
Click here to join the bubble by eFinancialCareers, our new anonymous community. ✍️
Carlo Didonna joined Morgan Stanley earlier this month as a managing director (MD) and head of the firm’s US exotics trading team. He joined the firm from Goldman Sachs, where he spent 11 years, and where he was made an MD back in 2021 after just seven years at the firm – making him just 30 or so at the time of his promotion. Didonna, who is from Palermo Italy, joined Goldman straight after graduating from his Princeton masters in finance.
Didonna’s mandate at Goldman was trading flow exotic products and hybrids. It’s a type of trading that saw particular activity earlier in the year, when the war in Iran led to wild price swings in oil and investors sought safe (if elaborate) hedges, Bloomberg reported.
Morgan Stanley did not respond to a request for comment on the article.
Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, WhatsApp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate.
