Jack Inglis's main job at Morgan Stanley was ginning up more hedge fund business in Europe. Now he's leaving the bank at the end of the year, according to the Wall Street Journal. We were entirely willing to accept this at face value--not everyone leaves because of scandal, bad blood or thwarted ambition--right up until we got to the claim that Inglis is leaving "to spend more time with his family." Isn't that official code for There's More To This Than Meets The Eye?
Morgan Stanley's co-head of European prime brokerage will leave the bank by the end of the year, a spokesman said.
Jack Inglis, a managing director who has been with Morgan Stanley for 15 years, decided to leave the firm to spend more time with his family and eventually pursue other interests, the spokesman said.
The move comes as Morgan Stanley's new global head of prime brokerage, Stuart Hendel, prepares to take up his post in New York early next year.
Pay attention, people. Even if you are actually leaving to spend more time with your family, don't say that. It sets off everyone's bullshit detector.
Morgan Stanley Executive to Leave Bank's European Prime Brokerage [Wall Street Journal]