Discover your dream Career
For Recruiters

Morgan Stanley's co-head of EMEA prime broking is leaving

It's been a good run, but James Beeston is said to be leaving Morgan Stanley. 

The US bank's co-head of EMEA prime brokerage is understood to be leaving the bank after nearly 23 years at the end of this month. It's not clear where he's off to next: Beeston didn't immediately respond to a request to comment and Morgan Stanley declined to say anything on the matter.

Beeston, who graduated from Southampton University with a zoology degree, spent his entire career at Morgan Stanley after joining from the British Army in 1998. 

It's conceivable that he is now retiring. However, his exit comes after Morgan Stanley made 1,200 job cuts at the end of last year. In August last year, Edward Keller, Morgan Stanley's global head of prime brokerage, retired after a health issue. Keller is now a director at an equity data science firm.

Following Beeston's exit, we understand that Morgan Stanley's EMEA prime business will be run by his co-head Will Smith, who will become the sole head of the business. The implication is that the bank has been trimming costs by eliminating expensive co-head positions. 

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
One Ten Associates
Finance Director
One Ten Associates
London, United Kingdom
Goodman Masson
Finance Director
Goodman Masson
London, United Kingdom
Carisbrook Partners
G10 STIR FX Trader
Carisbrook Partners
London, United Kingdom
One Ten Associates
Senior Financial Controller
One Ten Associates
London, United Kingdom
Wellington Management Company, LLP
Trader, Emerging Market Debt
Wellington Management Company, LLP
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.