Morgan Stanley Poaches Marco Caggiano from JPMorgan to Lead M&A Division
Portfolio Pulse from Anusuya Lahiri
Morgan Stanley has hired Marco Caggiano, a senior investment banker from JP Morgan Chase, to lead its M&A division. Caggiano, who spent 23 years at JPMorgan, will assume the role of Vice Chairman of M&A at Morgan Stanley. This move comes amidst a trend of high-profile bankers exiting firms like Goldman Sachs, Bank Of America, and Barclays to join competitors or smaller peers.
July 11, 2023 | 11:07 am
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NEGATIVE IMPACT
JP Morgan Chase has lost a senior investment banker to Morgan Stanley, which could weaken its M&A division.
The loss of a senior investment banker to a competitor could potentially weaken JP Morgan Chase's M&A division, leading to a negative impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Morgan Stanley has hired a senior investment banker from JP Morgan Chase, which could strengthen its M&A division.
The hiring of a senior investment banker from a competitor could potentially strengthen Morgan Stanley's M&A division, leading to a positive impact on its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100