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

|About: Morgan Stanley (MS)|By:, SA News Editor

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.