Hedge Funds

Morgan Stanley names Mortimer head of U.S. prime brokerage


Pat Mortimer has been appointed head of U.S. prime brokerage at Morgan Stanley in New York, reporting to the firm's new global head of prime brokerage Stu Bohart.

The promotion of Mortimer, who was previously head of U.S. client services and global technology, is one of a number of new appointments and initiatives in the firm's prime brokerage organization in the wake of the recent appointment of Bohart, who was formerly the head of prime brokerage in Europe.

The moves are aimed at consolidating the global, crossborder focus for the firm's various businesses involving hedge funds.

Morgan Stanley is also formalizing its