Morgan Stanley Hires Van der Walt for S. Africa Investment Bank

  • Van der Walt joins Morgan Stanley from JPMorgan, memo says
  • Risana Zitha to relocate to London to head sub-Saharan Africa

Morgan Stanley has hired Jako van der Walt to lead its investment banking business for South Africa, rejoining the firm he left about 10 years ago, according to a memo obtained by Bloomberg News.

Van der Walt, 48, was most recently head of metals and mining banking for sub-Saharan Africa at JPMorgan Chase & Co., according to the memo, which was confirmed by a Morgan Stanley spokesman. He’ll be based in Johannesburg, it said.

Risana Zitha, managing director and previously the head of investment banking coverage in South Africa, will relocate to London and will be responsible for sub-Saharan investment banking coverage outside South Africa, the memo said. He’ll also continue to be involved in South African coverage.

Morgan Stanley ranked third in merger advisory in South Africa last year while JPMorgan was ranked eighth, according to data compiled by Bloomberg. Morgan Stanley advised on deals including a $2.5 billion sale of shares by Naspers Ltd. and the proposed combination of Mediclinic International Ltd. with health-care provider Al Noor Hospitals Group Plc in 2015.

Van der Walt worked at Morgan Stanley in Johannesburg from 1997 to 2006 before leaving to join JPMorgan.

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