Bloomberg News

Morgan Stanley Names Machen Co-Head of North America Bank Group

October 16, 2012

Morgan Stanley Names Machen Co-Head of North America Bank Group

Morgan Stanley headquarters in New York. Photographer: Victor J. Blue/Bloomberg

Morgan Stanley (MS:US) named Travis Machen as co-head of its North American bank group, which advises depository institutions on mergers and acquisitions and helps them issue stocks and bonds.

Machen will head the group alongside Grant Gregory, who was put in charge of the unit last year, according to a memo obtained by Bloomberg News. Mary Claire Delaney, a Morgan Stanley spokeswoman, confirmed the contents of the memo.

Morgan Stanley ranks third among M&A advisers on bank deals announced this year, according to data compiled by Bloomberg. Machen advised Spain’s Banco Bilbao Vizcaya Argentaria SA (BBVA) on a $500 million agreement in June to sell its Puerto Rico business to Oriental Financial Group Inc. (OFG:US), and last year helped BankUnited Inc. (BKU:US) on its $783 million initial public offering.

To contact the reporter on this story: Will Robinson in New York at wrobinson11@bloomberg.net

To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • MS
    (Morgan Stanley)
    • $31.41 USD
    • -0.27
    • -0.86%
  • OFG
    (OFG Bancorp)
    • $17.18 USD
    • -0.07
    • -0.41%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus