John Carrafiell, joint global head of Morgan Stanley Real Estate (MS.N), is stepping down from his role in January, a spokesman said on Monday.
Carrafiell, who took a leading role in the 1.7 billion pound
($2.51 billion) acquisition of London's Canary Wharf business district in 2004 - Britain's biggest-ever property deal - will hand over his duties to New York-based co-head Sonny Kalsi next month.
Carrafiell's next career move is unclear but he will remain a senior adviser to the bank and continue to serve on the boards of Morgan Stanley-backed property companies including Canary Wharf Group, retail developer and investor Multi Corporation, German property company Deutsche Immobilien Chancen AG and Spanish property firm Grupo Lar.
