Morgan Stanley's highly regarded equity derivatives team is losing two of its key members.
Alvise Munari, global head of the firm's equity derivatives team in London, and Pierre Mendelsohn, head of the Asia equity derivatives group based in Hong Kong, have departed the bank, according to a report in Global Capital.
The timing of the exits is curious in that both left Bank of America Merrill Lynch in 2010 within months of each other to join Morgan Stanley. Neither could be reached for comment, and a Morgan Stanley official declined to comment to CNBC.com on the changes. Mendelsohn reported to Munari.
The departures are important for the firm as they represent the exit of two leaders from one of the bank's most highly functioning units. Neither could be reached for comment and their future plans are unclear.