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Morgan Stanley has parted company with more senior quants

In Morgan Stanley’s fixed income team now, there’s little in the way of sentiment or loyalty from either side. The bank is making deep cuts – often to long-serving employees – and now senior traders are exiting for competitors.

The latest long-serving managing director to depart is Jamie Walton, head of quants for FX e-trading, FX options and emerging markets. Walton left Morgan Stanley earlier this month, having worked there for the past 10 years.

Walton is the latest senior exit from Morgan Stanley’s FX and quant teams. Last year, Pete Eggleston, head of quant solutions and innovations, took voluntary redundancy from the bank. He’s since teamed with Oliver Jerome, who was head of foreign exchange and emerging markets at the bank, to launch trade technology and analytics firm BestX.

It’s not yet clear what Walton will be moving on to.  For the past 11 years he’s also been involved in academia – teaching mathematics at University College London. He gained a PhD in maths from UCL in 1997.

Before joining Morgan Stanley in 2005, he was head FX quant at BNP Paribas and prior to this had the same role at UBS.

Morgan Stanley cut its FX quantitative solutions and innovations (QSI) team, which supports FX execution, as part of its plans to eliminate 25% of its fixed income team.

More recently, bond traders have been leaving of their own accord. Corporate bond traders Georges Fernandes and Johann Komander have left for BNP Paribas and Goldman Sachs respectively, according to Bloomberg, while sovereign bond trader, Elias Abud, has signed up to Nomura.

Photo: Fuse/Thinkstock

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AUTHORPaul Clarke

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