People: Luc François leaves Morgan Stanley

Morgan Stanley's head of equity derivatives leaves the firm; UBS's Clarke joins Goldman; Barclays Capital names new equity derivatives trading head for Europe; LCH.Clearnet makes hires for CDS business and compliance role

Luc François

Luc François has left his position as global head of equity derivatives at Morgan Stanley. François joined the firm in July 2008 from a similar role at Société Générale Corporate and Investment Banking (SG CIB) in the aftermath of the Jérôme Kerviel rogue trading scandal, which cost the French bank €4.9 billion. He had been at SG CIB for two decades.

François’ departure from Morgan Stanley follows a reshuffle in its equity team in March last year, in which he was moved from his position as co

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