European FX co-heads quit Morgan Stanley

LONDON – Morgan Stanley's recent bubble of intense hiring has been punctured by the twin resignations of Iain Suczs and Alessandro Ciavarini.

London-based Suczs and Ciavarini, co-heads of foreign exchange sales, quit the bank on Monday (March 1), according to market sources. Suczs headed institutional sales while Ciavarini led corporates sales and both reported locally to Sarah Edgington, head of sales for Europe, the Middle East and Africa interest rate, credit and currencies (IRCC). Market

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