Morgan Stanley named Samuel Kim vice chairman of Asia-Pacific investment banking and promoted two senior bankers to run the mergers business as it competes with Goldman Sachs to be the region’s top M&A adviser.
Morgan Stanley has been ranked among the top three advisers on mergers in Asia-Pacific excluding Japan since 2009, data compiled by Bloomberg show. The New York-based firm is second this year, working on deals valued at $78.7 billion, just $145 million less than Goldman Sachs.
Kim’s move will allow him to focus on developing relationships with the biggest clients across the region, according to the memo. The 15-year veteran at Morgan Stanley became head of Asia-Pacific M&A in 2010 and was previously chief operating officer for investment banking.
Under the leadership of Kim, 41, the bank was involved in deals including the $6.6 billion acquisition of Australia’s Queensland Motorways Ltd. this year by a Transurban Group-led consortium.
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