Morgan Stanley Loses a String of Top Sell-Side Staff in Europe

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Morgan Stanley has lost a number of senior analysts and salespeople in Europe this year, according to people familiar with the matter.

Earlier this month, at least three equity research analysts including Olivier Nicolai, Alice Timperley, and Neri Tollardo left the bank, said the people, who asked not to be named discussing confidential information. Nicolai will join Goldman Sachs Group Inc. while managing directors Matt Smith and James Cartwright, who worked in equity sales, also left Morgan Stanley in July for positions at JPMorgan Chase & Co. and Vedanta Resources Ltd, the people said.