Morgan Stanley Prime Brokerage Exec. Quits

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note