Morgan Stanley Hires Armstrong From Credit Suisse for Tech M&Aby
Technology opportunities are `enormous,' Morgan Stanley says
Armstrong was head of tech in the Americas for the Swiss bank
Morgan Stanley hired Anthony Armstrong from Credit Suisse Group AG as co-head of technology mergers and acquisitions.
Armstrong will lead the group with Mike Wyatt, according to an internal memo from Michael Grimes, Drew Guevara and Andy Kearns, who run the bank’s global technology group within investment banking. Armstrong was head of technology in the Americas for Credit Suisse, according to the memo.
Morgan Stanley was the fifth-ranked adviser on announced mergers and acquisitions involving technology companies globally this year, according to data compiled by Bloomberg. The value of such deals is already more than 50 percent higher than all of 2014, the data show.
“The technology M&A opportunity continues to be enormous,” Grimes, Guevara and Kearns wrote in the memo.
Armstrong, who advised on the management buyout of Dell Inc., will join in January and work in the firm’s Menlo Park, California office, according to the memo.
The hire was reported earlier by New York Times’ DealBook.