Latest Morgan Stanley News: Finextra Research

Former Morgan Stanley operations VP charged with embezzlement

Richard Garaventa Jr., a former vice president at Morgan Stanley, has been arraigned at Manhattan's state Supreme Court on grand larceny and other counts. He maintains his innocence, but prosecutor Jeremy Glickman claims the 36-year-old defendant stole more than $2.5 million between September 2001 and December 2008.

18 February 2009

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Morgan Stanley mulls back office and IT staff cuts - WSJ

Morgan Stanley and Goldman Sachs are considering a further round of job cuts, according to a Wall Street Journal report which cites people familiar with the deliberations.

30 January 2009

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Morgan Stanley to open Montreal technology centre

US financial services giant Morgan Stanley is establishing a new technology facility in Montreal, Canada.

01 May 2008

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Bats makes first appointments in Europe

US-based ECN operator Bats Trading has hired former Euronext Liffe MD Mark Hemsley and Morgan Stanley veteran Paul O'Donnell to head its new European operations.

17 April 2008

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Morgan Stanley to cut 150 London jobs - back office in firing line

Morgan Stanley is set to cut around 150 jobs in London - most of which will be in the back office, according to a report from Reuters.

01 February 2008

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Turquoise names Farnham COO; Higgins head, client relationship management

Bank-backed equities trading facility Turquoise has named Adrian Farnham as its chief operating officer (COO) and has appointed Duncan Higgins as head of client relationship management.

17 December 2007

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Turquoise names Cinnober technology provider; hires CEO from Morgan Stanley

Swedish vendor Cinnober Financial Technology has been selected to provide the platform for Turquoise, the bank-backed equities trading facility being set up by seven investment banks to compete with the domestic stock exchanges in Europe. The news comes as Morgan Stanley's Eli Lederman is appointed CEO of the venture.

25 October 2007

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Boat gears up for November launch; Turquoise board appointed

Project Boat, the European trade reporting platform that is being established by nine City investment banks, will start reporting two-thirds of the EU's off-exchange share trades when it launches in November.

21 August 2007

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Morgan Stanley to create 600 new jobs in Glasgow

Morgan Stanley is to create 600 new jobs in Glasgow, adding to the 770 staff the company already employs in Scotland's largest city.

10 July 2007

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Court dismisses complaints in Morgan Stanley lawsuit

A US federal court has dismissed seven of eight complaints filed against Morgan Stanley in a wrongful dismissal lawsuit brought by the investment bank's former IT manager Arthur Riel.

21 February 2007

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DTCC names Michael Bodson executive MD, business management and strategy

The US Depository Trust & Clearing Corporation (DTCC) has appointed Michael Bodson to the newly created position of executive managing director for business management and strategy.

16 February 2007

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Morgan Stanley recruits Andrew Silverman to drive e-trading

Investment bank Morgan Stanley has hired Andrew Silverman, formerly head of algorithmic trading at Goldman Sachs, to lead its electronic trading business in the US.

12 July 2006

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