Ashley Jarvis, the former global head of capital consulting at UBS based in Hong Kong, is joining Morgan Stanley prime broking as co-head of its global consultancy business, AsianInvestor can confirm.

He will be a managing director initially based in Hong Kong, but is expected to transition to London. His co-head will be Jim Flanagan, a managing director based in New York.

Jarvis’s departure from UBS had already been announced, and it was mentioned in tandem with the departure of David Gray from the same office, shortly after the announced arrival of Tim Wannenmacher from Nomura to head UBS prime broking in Asia.

Jarvis’s exit has a logical explanation, as he is on the threshold of joining Morgan Stanley in order to do this big global job, which has been confirmed by Morgan Stanley.

He originally joined UBS in 2004 having previously worked as a legal and regulatory consultant setting up new hedge-fund management businesses. He started his career as a graduate trainee at the UK regulator, The Financial Services Authority, where has was involved in the licensing of new hedge-fund managers, asset-management businesses and online brokerage firms.

He won 2010’s ‘Best Prime Broking Consultant’ award in our AsianInvestor service provider awards last October, contemporaneously with Morgan Stanley picking up the trophy for ‘Best Asian Prime Broker’ for the fourth time in seven years.

At Morgan Stanley he will rejoin Alex Ehrlich, who used to head prime broking at UBS before joining Morgan Stanley in 2009.