People: Morgan Stanley sees raft of commodities exits

A number of senior bankers across Morgan Stanley’s commodities and energy lending units in the US are leaving the bank

getty-morgan-stanley-new-york-hq
Morgan Stanley headquarters, New York

Managing director Rogger Alvarado, the New York-based oil and natural gas veteran, is leaving Morgan Stanley after 19 years. Alvarado joined the US bank in 1997 from Connecticut-based commodity trading firm Phibro, where he started his energy career in 1989. Benno Meier, US-based head of metals sales – and another managing director – is also departing. Meier joined Morgan Stanley in 2005 from Barclays, where he worked as a commodity strategist. Prior to joining Barclays, he worked for accountanc