H John Shapiro, head of commodities at Morgan Stanley, has retired after 24 years at the bank.

Colin Bryce and Simon Greenshields (top right) will replace Shapiro as co-heads of global commodities. Shapiro will stay in his role until the end of the year to ensure a smooth transition.

Bryce has worked for Morgan Stanley for around 20 years and was previously European head of commodities before being promoted to run EMEA sales and trading across asset classes. Bryce will continue in this role