Morgan Stanley restructures FX prime brokerage

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Morgan Stanley has embarked on a major restructuring of its foreign exchange prime-brokerage (FXPB) business to make it more focused and streamlined, in a move that has seen the exit of a string of senior personnel and the transition of several clients to rival dealers.

Michael Irwin and James Reilly, global co-heads of FX prime brokerage in London and New York respectively, have both left the bank, along with London-based Simon Poole, head of product development and account management for

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