Financial Times FT.com

Morgan Stanley Real Estate head to step down

By Daniel Thomas, Property Correspondent

Published: December 20 2008 03:22 | Last updated: December 20 2008 03:22

John Carrafiell, one of the most senior real estate bankers in Europe, has stood down as head of Morgan Stanley’s property investment business.

Mr Carrafiell, best known for leading the takeover of Canary Wharf Group in 2004, will next month step down as global co-head of Morgan Stanley Real Estate to be an adviser to the bank.

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