Street Talk

High fees and office feuds dog Morgan Stanley WM leavers

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 24, 2026 – 12.52pm

Granite Bay, the freshly minted private wealth business spearheaded by ex-Morgan Stanley advisers, has some skeletons in its closet.

Granite Bay managing partner Steve Moon.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.