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Morgan Stanley Trader Exits After Racking Up Millions in Losses

  • Hamza El Hassani left bank after dividend trades went awry
  • Russia’s invasion of Ukraine has rocked financial markets

A Morgan Stanley trader is leaving the firm after racking up tens of millions of dollars in losses as a bout of market turmoil makes and breaks trading books across Wall Street.

Hamza El Hassani, who traded dividends in the New York-based bank’s equities division, will be departing after transactions he oversaw went awry, according to people with knowledge of the matter. The losses tied to him were less than $50 million, one of the people said.