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Financials

Longtime Morgan Stanley prime brokerage exec to retire -memo

NEW YORK, Oct 7 (Reuters) - Alex Ehrlich, co-head of the prime brokerage business at Morgan Stanley, plans to retire at the end of 2019, according to an internal memo seen by Reuters and confirmed by a spokesman.

Ben Walker, who also co-heads the business, will become the sole chief of the unit, the memo said. (Reporting by Lawrence Delevingne; Editing by Richard Chang)

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