People Moves

Musical chairs at Asian prime broking


It is the season once again for the much-watched game of musical chairs in the region’s prime broking arena. With last year’s bonuses paid and the hedge fund industry chugging along on a competitive throttle as more hedge funds come back to life, industry sources say the job-hopping could only accelerate.

Ashley Jarvis, the global head of business and capital consultancy for prime broking division has quit UBS to join Morgan Stanley, in a high-profile departure from the Swiss bank’s prime broking team.

He is joining Morgan Stanley as a managing director and global co-head of consulting within