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

Miklavcic: Macro With An Edge

Jan 23 2018 | 4:31pm ET

While many global macro funds incorporate inflation into their strategies, not many...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of