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Morgan Stanley Expands Industrials Team with Top Talent Hires
21 Jul
Summary
- Morgan Stanley hired Aftab Shahsingh from UBS to lead industrials services coverage
- Shahsingh has over 15 years of experience and led 50+ transactions since 2020
- Morgan Stanley has been adding to its industrials practice with recent hires from Goldman Sachs and JPMorgan Chase
In a move to bolster its industrials practice, Morgan Stanley has hired Aftab Shahsingh from UBS to lead its industrials services coverage in North America. Shahsingh, who has over 15 years of experience in the sector, is expected to join Morgan Stanley later this year.
The bank has been actively adding talent to its industrials team, with recent hires including David Hammond in metals and mining and Sean Murray for chemicals, both from Goldman Sachs, as well as Andy Lipsky and Chris Khouri for industrial technology coverage from JPMorgan Chase.
Shahsingh's appointment comes as Morgan Stanley reported a profit that beat Wall Street estimates in the second quarter, though its investment banking revenue shrank during the same period. The bank's strategic focus on strengthening its industrials practice is seen as a move to diversify its revenue streams and capitalize on growth opportunities in the sector.
