Five down in FX at Morgan Stanley

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Morgan Stanley is parting ways with at least five members of its foreign exchange team, including Kelvin Hebburn, managing director for FX spot trading, Eric Marfat, an electronic FX sales associate, and Stephanie Meissner, vice-president for FX sales. All three were based in London.

Hebburn has been at the bank since 2001, while Marfat joined in late 2009 from JP Morgan, where he spent four years as an analyst. Meissner has worked for more than four years at Morgan Stanley, having joined in

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