Deals
Morgan Stanley Taps Mo Assomull to Co-Head Investment Banking
- CEO Pick said multi-year investment banking-led cylce awaits
- Assomull joins Gross, Smith at top of investment banking unit
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Morgan Stanley is reshuffling the top ranks of its investment-banking business to set up for what it sees as a full-blown revival in dealmaking and borrowing markets.
The company tapped longtime capital-markets banker Mo Assomull as a new co-head of investment banking alongside Eli Gross and Simon Smith, according to an internal memo reviewed by Bloomberg News. The firm also named Evan Damast and Henrik Gobel as new leaders of the global capital markets unit.