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Gillian Sheldon joins Morgan Stanley, leaving Credit Suisse behind

Morgan Stanley has recruited Gillian Sheldon to serve in a prominent position within its UK investment banking unit, marking another noteworthy departure from Credit Suisse since its takeover by UBS Group AG.

Sheldon is slated to assume the role of managing director and vice-chair of the investment banking division in the UK, and the appointment is expected to take place in the fourth quarter. Photo: Getty Images

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