STT State Street Corporation

The chief operating officer of foreign exchange and emerging markets at Morgan Stanley (MS) has resigned, according to people familiar with the matter.

Martine Bond will be on gardening leave until she joins State Street Corporation (STT), those people said Thursday.

Ms. Bond joined Morgan Stanley in 2009 from JP Morgan as global head of FX prime brokerage. She was promoted to COO in March 2011. It is understood a successor at the U.S. bank has yet to be announced.

Both Morgan Stanley and State Street declined to comment. Dow Jones Newswires couldn't reach Ms. Bond for immediate comment.

Write to Alexandra Fletcher at alexandra.fletcher@dowjones.com