Friday, 31 October 2014
Last updated 15 hours ago
Feb 23 2009 | 12:56pm ET
Morgan Stanley has closed its Chicago-based prime brokerage unit, laying off some staff while offering others jobs in its New York offices, FINalternatives has learned.
Jeff Knupp, who ran the Chicago prime brokerage, declined the chance to move to New York with many of his team, a source told FINalternatives. It is not known how many of the other staffers accepted the Big Apple offer.
However, another source with knowledge of the situation said that Morgan is keeping its capital introduction unit up and running in the Chicago office.
Morgan Stanley did not return calls before press time.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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