People moves

Armes leaves Morgan Stanley for Brevan Howard

Richard Armes, co-head of European interest rates at Morgan Stanley in London, has left the bank to join London-based hedge fund Brevan Howard. He departed in early February.

Morgan Stanley is not replacing Armes, and the other co-head, Jakob Hørder, will now take sole responsibility for the European interest rates business.

Morgan Stanley declined to comment.

Five others are also believed to have left for Brevan Howard. In New York, executive director Matt Feldmann has left the bank, where he