Wednesday, 23 July 2014
Last updated 8 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.
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…