(Bloomberg) - Ken deRegt, a Morgan Stanley (MS) veteran called on to revamp risk-management and the fixed-income trading business after returning in February 2008, is leaving again to join investment firm Canarsie Capital Group.

DeRegt, 57, will be succeeded by Michael Heaney, 49, and Robert Rooney as global co-heads of fixed-income sales and trading, according to a staff memo from Colm Kelleher, who oversees investment banking and trading for Morgan Stanley. Kelleher and Chief Executive Officer James Gorman sent a separate memo about deRegt’s departure.

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