Now Morgan Stanley's European cap intro head left for a hedge fund

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Morgan Stanley bonuses layoffs

With 2018 bonuses banked, it seems various people have decided now is the time to leave banking for a hedge fund. 

It's not just Goldman Sachs that's losing staff to the buy-side Morgan Stanley insiders say that Barbara Turner, the bank's European head of capital introductions, is leaving for a hedge fund too.

Morgan Stanley declined to comment on Turner's exit and Turner didn't respond to a request to elaborate on her destination. Ed Bury, a New York-based vice president in capital introductions at the bank, is understood to be replacing her.

Turner joined Morgan Stanley in 2005 after begining her career at Davy, the Dublin brokerage firm. She became European head of capital introductions in August 2017.

As head of capital introductions, Turner sat within Morgan Stanley's prime brokerage business - the area of the bank that interfaces with hedge funds. Prime broking operations are an important source of institutional clients. Goldman Sachs is building its prime brokerage business in London after noticing that European banks were pulling back from this space. 

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