Commodities heads leave Morgan Stanley over electronic communications breach

19 October 2020 - 12:00 am UTC

Morgan Stanley’s global heads of commodities and commodities trading have left the bank after compliance breaches were discovered regarding the use of non-authorized electronic communication tools, including WhatsApp. 

Nancy King, global head of commodities, is retiring from the firm, while Jay Rubenstein is leaving the firm, a source familiar with the development said.

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