Morgan Stanley (NYSE: MS) 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, Bloomberg News reported.
The firm also named Evan Damast and Henrik Gobel as new leaders of the global capital markets unit. Assomull has been with Morgan Stanley for almost 30 years, having joined the firm in 1996 in Hong Kong. He had also previously been one of chief operating officers of the unit that encompasses its trading and banking business.