Hood heads for Morgan Stanley

LONDON - Peregrine Hood has reportedly left BNP Paribas in London, where he worked in foreign exchange hedge fund sales.

He had been with the French bank for two years and reported to Miranda Royston, London-based head of FX sales to hedge funds (FX Week, June 25, 2007). According to market sources, Hood will take up a similar role at Morgan Stanley in London after completing three months' gardening leave.

Last month the bank announced it was looking to double the size of its hedge fund sales

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