Morgan Stanley People News - One Out, Another Rejoins Firm

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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.

Collins, 45, will start the job in New York in early July. He will report to Mark Eichorn and Franck Petitgas, the global co-heads of investment banking.

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