Morgan Stanley Hires Ex-Prime Brokerage CTO For Admin. Unit

May 18 2011 | 10:31am ET

Morgan Stanley has brought back 20-year firm veteran Mark Rice to help lead its hedge fund services effort.

Rice was named chief operating officer of hedge fund services. Bloomberg News reports; Morgan Stanley has more than $120 billion in assets under administration, and the division employs more than 400.

Before leaving the firm in 2004, Rice worked at Morgan Stanley for 2 decades, rising to become chief technology officer of its prime brokerage business. He founded his own research-management systems company, Tamale Software, after his departure; that firm was acquired by Advent Software in 2008.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...