Morgan Stanley Snaps Up Ex-UBS Prime Exec.

May 4 2011 | 11:08am ET

UBS' loss is Morgan Stanley's gain: The former's Ashley Jarvis has joined the latter's prime brokerage.

Jarvis was named co-head of consulting at Morgan Stanley, alongside Jim Flanagan. He will begin his career with the firm in Hong Kong, where he was based for UBS, but will eventually move to London.

Jarvis left UBS last month after less than a year as global head of business and capital consultancy.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.