Morgan Stanley’s Atwan Leaves After Review Tied to Lawsuit
- Bank raised $5.5 billion for latest fund in December
- Fund investors have been notified about Atwan’s departure
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A Morgan Stanley managing director who oversaw its energy-infrastructure investments has left the bank following an internal review tied to a lawsuit accusing him of fraud, according to people with knowledge of the matter.
The departure came after Morgan Stanley and Ahmad Atwan, who was based in Houston, were among defendants in a complaint filed in Texas, said one of people, who asked not to be identified because the information is private. He was placed on indefinite leave on Dec. 31, and his employment was terminated on July 6, according to the people.