Morgan Stanley Commodities Bankers Leave for WhatsApp Breach
- Move follows use of unauthorized electronic communications
- Bank didn’t uncover any wrongdoing by King or Rubenstein
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The two most senior commodities executives at Morgan Stanley are leaving after compliance breaches linked to the use of communications tools such as WhatsApp, according to two people familiar with the matter.
Nancy King, global head of commodities, and Jay Rubenstein, head of commodities trading, are leaving, the people said, asking not to be named discussing internal matters. Morgan Stanley declined to comment.