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Morgan Stanley Loses Two City Hedge Fund Sales Pros

03 Apr 2004

Morgan Stanley has lost Wayne Wennick and Karl Faker, senior salesmen in its hedge fund sales team in London. Faker is moving to Goldman Sachs in a similar role, and Wennick is joining Merrill Lynch.

Morgan Stanley has lost Wayne Wennick and Karl Faker, senior salesmen in its hedge fund sales team in London. Faker is moving to Goldman Sachs in a similar role, and Wennick is joining Merrill Lynch. Both Wennick and Faker reported to Olga Basirov, head of fixed income sales to hedge funds at Morgan Stanley, who declined comment.

Wennick, reached on his cell phone, confirmed he will join Merrill in a similar role, after 13 years at Morgan Stanley. At Merrill, he will report to Tom Callahan, head of rates sales. He declined to comment on the reason for the move.

Faker could not be reached.

03 Apr 2004