Morgan Stanley’s ex-head of France fixed income has joined a small asset manager

The former head of fixed income for France at Morgan Stanley, who has been working as an advisor at Natixis as well as running his own cycling start-up for a year, has just re-emerged at a small asset manager.

Sebastien Kessas, who worked for 20 years in investment banking across London and France – largely at Morgan Stanley – has joined Incus Capital Advisors, a real estate focused investment manager, as a managing director.

Incus, a real esate investment manager headquartered in Madrid, has also just incorporated a UK office, according to filings on Companies House. Philip Yeates, the former co-head of Rothschild’s Credit Management division, who also headed up its LBO debt business and still works at the bank as an adviser, is the only listed officer.

Kessas left Morgan Stanley in 2016, having spent 14 years at the investment bank in various senior fixed income sales roles. He was latterly head of fixed income for France, managing a sales team across credit, macro products and real estate in both London and Paris. Before this, he was head of bank sales for EMEA.

On leaving Morgan Stanley, Kessas worked as a senior adviser for Natixis Asset Management in Paris until July when he joined Incus.


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