Morgan Stanley Names Machen Co-Head of North America Bank Group
Morgan Stanley (MS) named Travis Machen as co-head of its North American bank group, which advises depository institutions on mergers and acquisitions and helps them issue stocks and bonds.
Machen will head the group alongside Grant Gregory, who was put in charge of the unit last year, according to a memo obtained by Bloomberg News. Mary Claire Delaney, a Morgan Stanley spokeswoman, confirmed the contents of the memo.
Morgan Stanley ranks third among M&A advisers on bank deals announced this year, according to data compiled by Bloomberg. Machen advised Spain’s Banco Bilbao Vizcaya Argentaria SA (BBVA) on a $500 million agreement in June to sell its Puerto Rico business to Oriental Financial Group Inc. (OFG), and last year helped BankUnited Inc. (BKU) on its $783 million initial public offering.
To contact the reporter on this story: Will Robinson in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Jeffrey McCracken at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.