Morgan Stanley, the US investment bank, is cutting approximately 50 jobs in European private banking.

The 50 jobs represent approximately 5% of the private banking staff in its London, Geneva and Zurich offices, banking sources said. A spokesman at the firm declined to comment.

Morgan Stanley cuts European private banking jobs

Pirkko Juntunen

Deutsche Bank

Morgan Stanley

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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