Giacomo Draghi Said to Exit Morgan Stanley for Hedge Fund

Interest-rate swaps trader Giacomo Draghi has left Morgan Stanley in London and is joining hedge fund LMR Partners, according to people familiar with the matter.

The son of European Central Bank President Mario Draghi spent about 13 years at the U.S. bank, according to the U.K.’s Financial Conduct Authority register. He will join LMR later this year, according to the people, who asked not to be identified because they’re not authorized to talk about it. Draghi traded derivatives denominated in currencies including euros and Swiss francs at Morgan Stanley, according to his LinkedIn profile.