Prudential Fixed Income has hired Gregory Peters as a senior portfolio manager who will work on its multi-sector strategy team.

Peters, who most recently created and led Morgan Stanley’s cross-asset and asset allocation department, will join the firm in February. As previously announced, Kay Willcox will be retiring from the multi-sector team in the second half of 2014.

In 2007, Peters was among the first to warn of an impending financial crisis and has been credited in the asset management industry as an outstanding strategist. While at Morgan Stanley, he created asset allocation views and investment strategies for institutional investors and created portfolio solutions across asset classes.

"Greg’s market insight and investment experience augment the skills vital to our flagship strategies and enhance our research-driven investment process," said James Sullivan, head of Prudential Fixed Income.

Before Peters became head of global/macro and chief global cross asset strategist at Morgan Stanley, he was global head of fixed income research and economics and had served as head of U.S. credit research.

Before that, he worked on Salomon Smith Barney’s corporate bond strategy, after working as a mortgage-backed securities analyst and in risk management. He also worked for the U.S. Treasury as a bank regulator who specialized in distressed loan workouts and examined the quality of assets.