Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, February 6, 2015

MOVES-Morgan Stanley M&A co-head for EMEA to join Taubman M&A firm, (NYSE: MS)

Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move said. Groeller's decision to work with Taubman after 22 years at the Wall Street investment bank was finalised this week, said the source, who asked not to be named.Groeller and a spokesman for Morgan Stanley declined to comment. Representatives at PJT Partners, an independent financial advisory firm led by Paul J. Taubman, were not available for comment.Groeller, who previously served as Morgan Stanley's co-head of investment banking in Germany and Austria, is the latest managing director to leave the "bulge bracket" bank and join Taubman's firm, as seasoned bankers are keen to spend more time on key clients or sectors in which they have expertise.Taubman, 53, a former Morgan Stanley president who left the bank in 2012 after 30 years, has frequently poached former colleagues who moved up the ranks.

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 2.46% or $0.86/share to $35.79. In the past year, the shares have traded as low as $28.31 and as high as $39.19. On average, 10157000 shares of MS exchange hands on a given day and today's volume is recorded at 17087212.



Source