Senior Staff Members Are Still Bleeding Out Of Morgan Stanley

Morgan Stanley CEO James Gorman Layoffs

Across Wall Street, the New Year continues much as the old one ended: with layoffs. 

The latest firm to reduce staff, particularly at a senior level, is Morgan Stanley.

The Financial Times is reporting that three senior members of Morgan Stanley’s equities business have left the firm:

Richard Evans, head of the group’s Delta One strategy, Bill Templer, global co-head of listed derivatives and Divya Doshi, managing director for listed derivatives in Singapore have all departed from the bank.

The departures come in the wake of yesterday’s announcement¬†that Eric Grossman, the firm’s chief legal officer would take on reduced responsibilities before fully departing the firm mid-year.

Morgan Stanley released the fact that it would shed 1,600 employees in mid-December in a bid to comply with global regulatory capital requirements and respond to slowing business and a weak global economy.

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