Morgan Stanley has lost the third senior executive in three months from its European commercial mortgage-backed securities team following a reshuffle last week aimed at improving morale within the group.

Lynn Gilbert, a managing director and head of origination within the European CMBS team, quit to join Barclays Capital as head of the UK bank's European CMBS business. Also joining Barclays Capital as directors from Morgan Stanley are Christian Janssen and Natalie Howard.