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Morgan Stanley Names Regional Heads of Merger Advisory
[ by Larry Goldfarb ]
Morgan Stanley (MS), the second-ranked adviser of announced mergers this year, named Bob Eatroff and Jim Head co-chiefs of its mergers and acquisitions division in the Americas. Colm Donlon and Johannes Groeller will lead M&A in Europe, the Middle East and Africa, according to an internal memo obtained by Bloomberg News. Rob Kindler remains global head of the business.
Morgan Stanley is shuffling its leadership in investment banking after Colm Kelleher took control of that business in addition to his oversight of the firm’s trading operations. Paul Taubman, who oversaw investment banking, said last month he was retiring from the firm at the end of this year.Morgan Stanley has been ranked first or second in advising on mergers and acquisitions each year since 2008. The firm produced $915 million in advisory revenue in the first nine months of 2012, a 31% drop from a year earlier as completed global deal volume fell 23 percent.
For more information, please read [Bloomberg, 12/14/12].
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