Morgan Stanley Loses Two In U.S.

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Morgan Stanley Loses Two In U.S.

Kevin Kelly, managing director in credit derivatives sales and Steven Reddy, executive director in insurance derivatives, have left Morgan Stanley in New York. The staffers were likely let go as part of the firm's effort to reduce headcount, according to officials familiar with the firm. Mark Lake, spokesman in New York, declined comment. Neither Kelly nor Reddy could be reached.

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