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In another management departure at cost-conscious Morgan Stanley (MS), Jacques Chappuis - the...

In another management departure at cost-conscious Morgan Stanley (MS), Jacques Chappuis - the head of the bank's fund-of-hedge-funds business - is leaving the firm to join Carlyle Group (CG). He will be succeeded by Arthur Lev, who will add this position to his current duty as head of Morgan's long-only operations.
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