Another prominent wirehouse branch manager has been shown the door, as Morgan Stanley yesterday cut ties with the head of its Washington complex.
Jerry Castro was escorted from the branch yesterday morning, according to an industry source, who asked not to be named.
No specific reason has surfaced for the move, the source said.
Christine Pollack, a spokeswoman for the New York-based firm, declined to comment about the reasons for Mr. Castro’s leaving the company.
He was one of the top five or 10 branch managers with Morgan Stanley, said the industry source.
Mr. Castro had recently been made a member of the firm’s prominent branch managers group, the source said.
He is the second prominent branch manager to exit the firm so far this month.
At the start of December, New York-based Merrill Lynch & Co. Inc. cut ties with the manager of its flagship branch when Joseph Mattia was escorted from the Fifth Avenue, Manhattan, branch.
No comments:
Post a Comment