The former global head of equity derivatives at Morgan Stanley in New York, Luc Francois, has left the bank after a nine-month stint overseeing its equity derivatives business. Francois joined Morgan Stanley in 2008 as co-head of equity alongside Ted Pick, having spent 20 years with Société Générale Corporate and Investment Banking where he was head of global equities and derivatives solutions. Francois acted as global co-head of equities until March 2011 when he moved to oversee the equity der