Morgan Stanley's North America head of consumer and retail equity capital markets (ECM) Tilli Dias Passi will leave the bank, according to people familiar with the matter. Passi is taking an indefinite break and is not immediately joining a rival bank, the sources said, requesting anonymity as the matter is confidential. New York-based Passi has been with Morgan Stanley for 18 years, according to her LinkedIn profile.
An accident with a shiploader at the sugar terminal in the Recife port in Northeastern Brazil suspended loading operations at the site, according to a note from shipping company Williams Brazil. The company said the shiploader collapsed and a part of the machine fell inside the cargo hold of a vessel that was docked at the port to load raw sugar. The press service at the Recife port said it would check the situation and have further information about the status of the sugar terminal later on Friday.
The Russian broker organising an asset swap scheme that could free up frozen funds for Russian and foreign investors would consider unblocking around $500 million worth of funds a good result, its head told Reuters on Friday. Moscow presents the plan as a way for both Russian and foreign investors to free up assets that have been blocked by Western sanctions and Russian counter-measures since the start of the conflict in Ukraine more than two years ago. Under the swap deal, foreign investors would have the opportunity to use funds frozen in Russia to buy the assets of Russian companies that have been immobilised in Europe - and vice versa.
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