Morgan Stanley employs JPMorgan boss

JPMorgan Chase's Martine Bond has joined Morgan Stanley along with three members of her team, according to an anonymous source.

An insider told Reuters that the addition of the global head of foreign exchange prime brokerage is part of a new Morgan Stanley initiative to expand its team working within this sector.

She is said to be based in the UK and will start work sometime after a three-month leave period. It is thought that she will keep the same job title.

There are currently 15-20 people in Morgan Stanley's foreign exchange prime brokerage division, with this number expected to double over the next 12 months.

JPMorgan and Morgan Stanley did not confirm the news when asked for comment.

Graduate jobs seekers looking to join Ms Bond at Morgan Stanley may be interested in a 'career hints' webcast on the company's official website.

The video, orchestrated by Japanese Economic Research Department Director Robert Alan Feldman, offers tips on how to be successful during a career in the finance industry.