A trader working in Morgan Stanley’s proprietary team in Brazil has left to join BlueCrest Capital Management – making him the second senior trader from the Wall Street giant to join BlueCrest in the last month and at least the fifth to depart for a hedge fund this year.

Daniel Kajiya has joined BlueCrest in London as a portfolio manager on its emerging markets fund, according to a statement from the firm. At Morgan Stanley he was based in Brazil and was a vice-president responsible for USDBRL market making and proprietary trading.