Morgan Stanley's chief compliance officer Billy Fenrich is leaving the firm after just one year in the role.
Fenrich will be replaced by Raul Yanes, according to an internal Morgan Stanley memo reviewed by Reuters. Yanes will join Morgan Stanley from law firm Davis Polk & Wardwell, where he is a litigation partner.
Fenrich will be joining AQR Capital Management, a global investment management firm, as chief legal officer.
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