Net Net: Promoting innovation and managing change
Net Net: Promoting innovation and managing change

Morgan Stanley Foreign-Exchange Chief Leaves


One of Morgan Stanley's top executives is leaving the firm, according to a memo obtained by's NetNet blog.

Stephen Mettler, who first joined Morgan Stanley in 1997, was most recently the global head of emerging markets and foreign exchange.

This is the latest in a series of high-level departures from Morgan Stanley. Earlier this month, Walid Chammah, the chairman of Morgan Stanley International, announced his retirement.

Just yesterday, Morgan Stanley Chief Executive James Gorman told Bloomberg Televisionthat employees unhappy with their compensation should “just leave.”

“I say, listen, you're naive, read the newspaper, number one,” Gorman said. “Number two, if you put your compensation in a one year context to define your overall level of happiness, you've got a problem that is bigger than the job. And number three, if you're really unhappy, just leave. Life's too short.”

Mettler's departure is “not necessarily” related to Gorman's comments or compensation matters, a person at the firm said.

Questions? Comments? Email us at

Follow John on Twitter @

Follow NetNet on Twitter @

Facebook us @

Related Tags