Prime Brokerage Exec. Press Out At Morgan Stanley

Apr 15 2010 | 10:18am ET

The head of Morgan Stanley’s global hedge fund practice has left the firm.

Joel Press, recruited three years ago from Ernst & Young, has quit Morgan Stanley’s prime brokerage, HFMWeek reports. Since 2007, he has headed the firm’s efforts to find strategic opportunities.

The reasons for Press’s departure are unclear, but they come as Alex Ehrlich, Morgan Stanley’s new prime brokerage honcho, has worked to build out the business. Ehrlich joined Morgan Stanley from UBS last May.

Press served as head of E&Y’s global hedge fund practice for some 17 years.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...