Morgan Stanley’s newest trading chief came courtesy of a rival

What do you do if you’re a young superstar trader at a huge, globally successful firm? Well, perhaps you leave it and join a rival.

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Carlo Didonna joined Morgan Stanley earlier this month as a managing director (MD) and head of the firm’s US exotics trading team. He joined the firm from Goldman Sachs, where he spent 11 years, and where he was made an MD back in 2021 after just seven years at the firm – making