Saturday, 1 November 2014
Last updated 23 hours ago
Apr 1 2009 | 2:06am ET
Morgan Stanley’s U.S. prime brokerage chief has resigned from the firm after 20 years.
Patrick Mortimer left Morgan Stanley for personal reasons, according to The Wall Street Journal, which also reports that it does not appear he was forced out. Morgan Stanley was among the prime brokerages hardest hit by the banking crisis last year, and has apparently had difficulty regaining its footing.
Mortimer will not be replaced. Stuart Hendel, who leads Morgan Stanley’s global prime brokerage business, will take on Mortimer’s responsibilities.
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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