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Article: Morgan Stanley Hires JPMorgan's Bond, Three Others
- Article from:
- Reuters Hedgeworld
- Article date:
- May 28, 2009
- Author:
CopyrightCopyright 2009 Reuters Hedgeworld. Provided by ProQuest LLC. (Hide copyright information)
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Editor's note: This version of the story, updated May 28, adds
further details about prime brokerage business in sixth paragraph.
NEW YORK (Reuters) - Morgan Stanley has hired Martine Bond,
JPMorgan Chase & Co.'s global head of foreign exchange prime
brokerage, and three key members of her team, a person familiar with
the appointments said on Wednesday [May 27].
The additions are part of a wider expansion of Morgan Stanley's
foreign exchange prime brokerage team, which provides clearing and
other services for hedge funds' currency trading activities. The
team is set to double in size in the next year from its current 15-
20 members, the source said.
Morgan Stanley, whose prime brokerage was ...