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(Reuters) – Morgan Stanley (NYSE:MS) has hired senior investment banker Marco Caggiano from JPMorgan Chase & Co (NYSE:JPM), where he led the bank’s North America mergers and acquisitions (M&A) business, people familiar with the matter said on Monday.
Caggiano, a veteran investment banker who spent 23 years with JPMorgan, will join Morgan Stanley as vice chairman of M&A, the sources said.
The sources requested anonymity because the matter is confidential. JPMorgan and Morgan Stanley declined to comment.
Caggiano had worked on several high-profile situations, including advising Twitter Inc (NYSE:TWTR) on its $44 billion sale to Elon Musk, Take Two on its $12.7 billion acquisition of mobile video game maker Zynga (NASDAQ:ZNGA), and toy maker Hasbro Inc (NASDAQ:HAS) on its board fight with hedge fund Alta Fox.
Caggiano trained as a lawyer and worked at Paul Hastings before he joined JPMorgan. He was co-head of North America M&A before Chris Roop, his other co-head, exited JPMorgan last year to join Jefferies Financial Group Inc.
