JPMorgan, BNP Staff Said to Leave Moscow Amid Sanctions

Bank employees from JPMorgan Chase & Co. to Morgan Stanley are leaving Moscow for London as sanctions over Russia’s incursions into Ukraine bring business to a halt, according to people familiar with the matter.

JPMorgan’s head of Russian research, Alex Kantarovich, who was promoted to broaden his coverage, and four other employees are moving to the U.K. after Morgan Stanley’s metals team of Dmitriy Kolomytsyn and Neri Tollardo did the same, people familiar with the matter said. The banks declined to comment.