NEW YORK (Reuters)<?xml version=”1.0” encoding=”utf-16”?> – Sionic has hired James Monahan from Morgan Stanley to run the consulting firm’s new global asset servicing team, according to a statement on Tuesday.

Monahan was previously co-head of Morgan Stanley’s global institutional asset servicing line teams, and is a specialist in operations and risk management, Sionic added.

Reporting by David French, editing by Louise Heavens