Hendel Heads Home To Lead Morgan Prime Brokerage

Oct 5 2006 | 2:32pm ET

Stuart Hendel, who left Morgan Stanley’s prime brokerage unit two years ago to join hedge fund Eton Park Capital Management, is returning to his former employer to head up that division.

The Wall Street Journal reports that Hendel will lead the firm’s global prime brokerage division. In his last go-around with Morgan Stanley, he was co-head of U.S. prime brokerage.

In Hendel’s two years at Eton Park, he served as operations chief, creating a state-of-the-art back-office infrastructure. He is the fourth big name to leave the $5.5 billion hedge fund recently, following former trading and derivatives chief Scott Prince, chief risk officer Chris Perez and head of European derivatives trading Nagi Bedwani.

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