MorganStanley has named Richard Tory head of its investment bankingoperations in Canada, Bloomberg News reported, citing "a person familiarwith the matter."

Tory will take on the new position on top of his role asglobal head of metals and mining. He will step down as co-head of MorganStanley's natural resources group in Europe, the Middle East and Africa,leaving Michael O'Dwyer as sole head of the business, according to the report.

Morgan Stanley Canada President Dougal Macdonald willcontinue to manage the overall business.