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Bloomberg
David Russell, a senior Morgan Stanley trading executive, who helped lead the firm’s equities business to the top of the pack on Wall Street, is leaving the firm.
Russell, who joined the bank in 1990 and has been co-head of the unit since 2018, will retire at the end of the year, according to an internal memo.
His fellow co-heads, Alan Thomas and Gokul Laroia, will remain in charge of the business, which has clocked almost $12 billion in revenue in the last 12 months.
“David has worn the Morgan Stanley Blue jersey with distinction over the last three decades,†Morgan Stanley Co-President Ted Pick said in the memo.
A spokesman confirmed the contents of the memo.