Morgan Stanley promotes

Morgan Stanley has promoted Andy Kearns and Drew Guevara to co-heads of technology banking, replacing Paul Chamberlain, who’s retiring after 26 years with the firm.

Kearns, who led software banking, and Guevara, who has advised companies including Amazon and LinkedIn, will join Michael Grimes in their new roles, according to employee memos obtained by Bloomberg News and confirmed by Mary Claire Delaney, a spokeswoman. The Wall Street Journal previously reported the moves.

Morgan Stanley ranks second among advisers of global technology and Internet deals this year so far, according to data compiled by Bloomberg. The New York-based bank worked on Facebook Inc.’s $18 billion purchase of WhatsApp Inc. and Rakuten Inc.’s $1 billion purchase of Ebates Inc., the data show. Goldman Sachs Group Inc., also based in New York, is the top-ranked adviser on technology and web deals.

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Morgan Stanley Promotes Guevara, Kearns to Tech-Banking Co-Heads

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