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Morgan Stanley senior investment banker Scott Matlock is retiring from the firm, according to a person with direct knowledge of the situation.

Bloomberg News reports that his departure was announced within the bank late last week, the person said, asking not to be identified because it wasn’t disclosed publicly.

Matlock, 48, spent 25 years at Morgan Stanley and most recently worked as its chairman of international mergers and acquisitions, based in London.

In the meantime, Bloomberg also reports that Paul Taubman, who ran investment banking at Morgan Stanley (MS) as part of a 27-year career at the firm before leaving last year, said he doesn’t see a need to start his own advisory firm.

'Retirement is fun, so I’m not sure there’s a reason to change', Taubman, 53, said at a breakfast discussion sponsored by Reuters in New York, responding to a question about whether he would build an advisory boutique.

Morgan Stanley Senior Dealmaker Scott Matlock Retires From Firm

Ex-Morgan Stanley Banker Taubman Dismisses Idea of Starting Firm

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