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Morgan Stanley property investment manager joins rival

Investment manager AllianceBernstein turns towards European real estate by hiring Paul Vosper

The former global chief operating officer for US bank Morgan Stanley's real estate fund of funds business, has left to launch AllianceBernstein's European real estate investment arm.

Paul Vosper will be based in London, reporting to US-based co-heads Brahm Cramer, previously co-head of the Goldman Sachs Group's real estate principal investment area, and Jay Nydick, the former president of iStar Financial, a commercial real estate company.

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