Morgan Stanley Hires Collins for Investment-Banking Role

Morgan Stanley re-hired John Collins, a mergers-and-acquisitions banker who left the firm three years ago to join Moelis & Co., for a newly created role as global operations officer in the investment-banking division.

Collins, 45, will start the job in New York in early July, according to Mark Lake, a spokesman for the bank. He will report to Mark Eichorn and Franck Petitgas, the global co-heads of investment banking.

Ji-Yeun Lee, who served as Morgan Stanley’s deputy head of investment banking, has left the New York-based firm, said a person familiar with the matter, who requested anonymity because he wasn’t authorized to comment. Lee worked under former investment banking chief Paul Taubman, who was co-president when he departed at the end of 2012. The Wall Street Journal reported Lee’s exit on its website earlier.

Collins first joined Morgan Stanley in 1990 as an analyst in the firm’s real estate banking group and spent most of his career in the mergers-and-acquisitions department, where he was promoted to managing director in 2004, according to Lake. He left to join Moelis in April 2010.

Morgan Stanley’s investment-banking division generated $945 million in first-quarter revenue, up 11 percent from a year earlier, the company reported last month.