Bankers Trust New York Corp. has suffered another high-level defection, losing managing director L. Bram Smith to Morgan Stanley & Co.

Mr. Smith will lead the fledgling origination, syndication, and bank loan trading efforts at Morgan Stanley, mirroring his responsibilities at Bankers Trust, where he worked for 18 years.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.