Tuesday, 22 July 2014
Last updated 9 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…