Morgan Stanley Cuts a Dozen Asia Equities Jobs
- Head of cash facilitation Nick Wallum among departures
- Electronic trading head Tuckwell said to retire after a decade
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Morgan Stanley has cut about a dozen jobs in its equities division in Asia as part of a global year-end efficiency push amid continued margin pressure across the industry, people familiar with the matter said.
Among those cut include Asia head of cash facilitation Nick Wallum and a few directors, the people said, asking not to be identified because the matter is confidential. Wallum, a managing director, had been with the firm for 10 years.