Jul 10, 2023
Morgan Stanley Hires JPMorgan North America M&A Head Caggiano
Bloomberg News
,![Morgan Stanley headquarters in New York. Photographer: Eric Thayer/Bloomberg, Photographer: Eric Thayer/Bloomberg Morgan Stanley headquarters in New York. Photographer: Eric Thayer/Bloomberg](/polopoly_fs/1.1943767.1689010178!/fileimage/httpImage/image.jpg_gen/derivatives/landscape_620/morgan-stanley-headquarters-in-new-york-photographer-eric-thayer-bloomberg.jpg)
(Bloomberg) -- Marco Caggiano, JPMorgan Chase & Co.’s head of North America mergers and acquisitions, is leaving the firm for Morgan Stanley, according to a person familiar with the matter.
Caggiano, a 20-year veteran at JPMorgan, will become a vice chairman at Morgan Stanley, said the person, who asked to not be identified because the details aren’t public. Caggiano joined JPMorgan in 2000 and was named co-head of North America M&A in 2020, according to his LinkedIn profile.
Representatives for Morgan Stanley and JPMorgan declined to comment.
There’s been a lot of talent shuffling across US investment banking this year, as dealmaking lags, European banks retreat from the market, and stateside players slash headcount. Reuters earlier reported Caggiano’s move.
--With assistance from Michelle F. Davis.
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