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>> Hi, My name is Mitchell Nadel.

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I co-run the global rates business
for Morgan Stanely in New York.

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I have been at the firm now about five years.

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My day to day responsibilities include managing
a team of about 300 sales people, traders,

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and strategists with products related
to interest rates around the globe.

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So we are generally in the business
of providing customer solutions

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for interest rate hedging needs.

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It might be an insurance
company that has to worry

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about interest rates getting
too low to guarantee returns.

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It might be about banks looking
to invest their assets

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to return a higher rate of
interest to their customers.

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And what our job is to do is try to find
the buyers and sellers of these products

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and match them up as best as we can.

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Generally the morning setup with
meetings to catch-up on what's gone

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on in Asian and European markets over night.

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And then we wind up figuring
out our strategies for the day.

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And my days can really vary though.

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I can be dealing with risk management
issues, sometimes with the regulators,

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a lot of time on the phone with clients.

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Trying to assess what's going
on politically, financially,

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and economically within both the
U.S. and the global rate environment.

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So my global team does have about 300
people, but I- my management team around -

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for the group around the globe has
about, we've got ten people right now.

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And we meet with them very closely once a week.

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We have a meeting, but really a lot of that
connection these days it's all done on email.

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You know, the teams are- People are
sitting in Hong Kong or they're in Tokyo,

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they're in London, and we
just try to stay connected

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as best we can either through
email or on the phone.

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And there's an incredible amount of informal
meetings that happen throughout the day in order

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for us to stay as connected as possible.