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This is an archive article published on April 14, 2005

Morgan Stanley VC to resign

Morgan Stanley’s two top investment bankers are resigning from the securities firm on Wednesday, the most painful departures to hit the...

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Morgan Stanley’s two top investment bankers are resigning from the securities firm on Wednesday, the most painful departures to hit the firm since a management shakeup late last month.

Joseph Perella, Morgan’s investment banking chairman and company vice chairman and one of the best-known bankers on Wall Street, is resigning after 12 years at the firm. Tarek ‘‘Terry’’ Abdel-Meguid, Perella’s deputy and the head of investment banking, is also quitting, a person familiar with the situation said.

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