Morgan Stanley has announced that Jon Fouts is to return to New York after a two-and-a-half year stint in Asia as head of GCM. His departure has been long expected, since the firm always viewed his time in the region as a two to three year rotation and he now returns to his home town to take up an as yet unspecified senior role in US GCM.
GCM is the firm's term for its integrated debt and equity platform and Fouts has largely been responsible for establishing the Asian operations. He leaves behind a very lean team of 14 run by co-heads Danny Palmer and Max Blandon.
In turn...
