Morgan Stanley is said to have cut jobs in its corporate FX department in New York as part of a program of redundancies in its global markets department.
Sources say that the bank has trimmed headcount, but could not confirm whether the cuts are part of an annual performance review or related to a downturn in investment revenues.
Mark Haber, a managing director in corporate FX sales who reported to Mike Mariano is understood to have been among those who are leaving as part of a cull that took place earlier this month. Haber did not return a request for comment. He is still employed by the bank according to his FINRA profile.