Morgan Stanley named veteran banker Sammy Kayello as the chief executive and chairman of its business in the Middle East and North Africa, replacing Kamal Jabre who is relocating to London for a senior investment banking role. Kayello, who was in charge of the U.S. investment bank's sales and trading operations in the region, has been with the bank for over 25 years and has been based in Dubai since 2006.A spokesman for the bank in Dubai confirmed Kayello's appointment and Jabre's move to London.Jabre, a mergers and acquisitions banker who took the top MENA role in 2011, is relocating to London as the deputy head for the bank's investment banking business in Europe, Middle East and Africa (EMEA).Jabre will report to Franck Petitgas, global co-head of investment banking, a banking source familiar with the matter said. Mark Eichorn is the other head of the bank's investment banking team.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 1.08% or $0.23/share to $21.56. In the past year, the shares have traded as low as $12.26 and as high as $24.47. On average, 21145900 shares of MS exchange hands on a given day and today's volume is recorded at 18167262.
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