Morgan Stanley has hired Alex Ehrlich, head of prime
services at UBS, to take on the same role at Morgan Stanley.
Ehrlich will replace prime brokerage chief Stu Hendel, who is
leaving the firm.
Ehrlich, who will start his new role in August, served as
head of prime services at UBS for six years. At Morgan Stanley,
he will report to Rich Portogallo, co-head of institutional
sales. Before joining UBS, Ehrlich was co-head of global
securities services at Goldman Sachs.
Prior to the...