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Morgan Stanley’s Dweck Departs Firm After Three Years

Jay Dweck, head of a quantitative software and modeling group in Morgan Stanley’s sales and trading division, is leaving the firm.

Dweck, head of the strats and modeling group, is departing after more than three years at the New York-based company, according to an internal memo obtained today by Bloomberg News. Mark Lake, a Morgan Stanley spokesman, confirmed the contents of the memo. Dweck joined Morgan Stanley in 2007 after 13 years at Goldman Sachs Group Inc. to build and manage software programs to handle trading.