NEW YORK (Reuters) -Morgan Stanley employed Aftab Shahsingh from UBS to steer industrials companies protection in its funding financial institution in North America, in keeping with a supply conversant in the scenario.
Shahsingh has labored in industrial companies for greater than 15 years and led greater than 50 advisory and capital elevating transactions since 2020, stated the supply, who declined to be recognized discussing personnel issues.
Shahsingh will be a part of Morgan Stanley later this 12 months.
The financial institution has been including to its industrials apply with latest hires, together with David Hammond in metals and mining and Sean Murray for chemical substances, each from Goldman Sachs, and Andy Lipsky and Chris Khouri for industrial expertise protection from JPMorgan Chase.
Final week, Morgan Stanley reported a revenue that beat Wall Avenue estimates within the second quarter, however its funding banking income shrank.
(Reporting by Tatiana Bautzer, enhancing by Lananh Nguyen)