Peter Flink, executive director, and Manay Patel, associate, both in Morgan Stanley's corporate derivatives group in New York, have left the firm. The pair reported to Elinor Hoover, managing director of corporate derivatives, who did not return phone messages.
Patel has joined Lehman Brothers, reporting to Marcus Katz, managing director in derivatives solutions. Flink is also expected to join Lehman after gardening leave but he could not be reached for comment. Tasha Pelio, Lehman spokeswoman, said he is not currently at the firm.