The Wall Street Journal's 'MoneyBeat' column reports that Morgan Stanley’s deputy head of investment banking, Ji-Yeun Lee, left the firm in recent weeks, according to people familiar with the company.
Lee had been a key lieutenant of Paul Taubman, until recently the firm’s investment banking chief.
Taubman’s departure from the company was announced late last year after the banking executive lost a power struggle with colleague Colm Kelleher. Lee, 46 years old, had also served on the firm’s management committee.
In the meantime, Bloomberg reports that Morgan Stanley re-hired John Collins, a mergers-and-acquisitions banker who left the firm three years ago to join Moelis & Co., for a newly created role as global operations officer for the investment-banking division.