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By Juliet Chung Morgan Stanley s global head of prime brokerage, Edward Keller, is stepping down from his role to deal with a personal health issue, the bank said in an internal memo Monday. The bank named Penny Novick and Kim Shaw as global co-heads of prime brokerage to succeed Mr. Keller. The pair are the first women Morgan Stanley has named to run prime brokerage globally. Mr. Keller is a nearly 30-year veteran of Morgan Stanley. The memo said Mr. Keller had told the bank about his wish to step down and that he would return to a senior role advising clients, reporting to the global co-heads of institutional equities. Prime brokers cater to trading clients such as hedge funds, executing their trades, lending them money and helping introduce them to investors.
Dailey, Glen
Managing Director and Head of Prime Brokerage • Jefferies & Company • New York I feel better every day, Glen Dailey says. It s not an attitude you might expect these days from someone on Wall Street. But, Dailey says, My experience
Inducted: 2013
Managing Director and Head of Prime Brokerage • Jefferies & Company • New York
“I feel better every day,” Glen Dailey says. It’s not an attitude you might expect these days from someone on Wall Street. But, Dailey says, “My experience is that the worst times on Wall Street have preceded the best times for prime brokerage.”
Dailey’s work in prime brokerage has gone from something that, in the 1980s, was barely known to most people, to today’s environment, where the president mentions hedge funds in speeches. “It’s certainly been amazing how things have grown out of it,” he says, “the fund of funds business and the structured products business.” He’s helped mo
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Rosalind Secker-Walker will join the firm as
US Head of Client Lifecycle Management, effective 24
th May.
at JP Morgan, working within
Client Onboarding Transformation for both the Corporate Investment Bank (CIB) and Commercial Bank. The breadth of knowledge gained as
Global Head of Onboarding for Prime Brokerage and leading the JPM Onboarding Operating Model Design, ensures Rosalind is uniquely positioned to help JDX grow and succeed in this space. Prior to this, Rosalind was the
European Head of Transition Team at
Credit Suisse Securities, having also previously spent time at
Goldman Sachs International Ltd in Compliance
.
Rosalind brings a wealth of experience in client engagement, onboarding, change management, transformation, and global team leadership. She joins at an important time for JDX; her expertise will prove instrumental in the continued growth and future development of the Firm. Rosalind will be a member of the JDX US leadership team working closely wi