Bloomberg News

Morgan Stanley Names Merger-Advisory Chiefs for U.S., Europe

December 14, 2012

Morgan Stanley (MS:US), the second-ranked adviser of announced mergers this year, named Bob Eatroff and Jim Head co-chiefs of mergers and acquisitions in the Americas as the firm reshapes its investment bank’s leadership.

Colm Donlon and Johannes Groeller will lead M&A in Europe, the Middle East and Africa, according to an internal memo obtained by Bloomberg News. Rob Kindler, 58, remains global head of the business. Mary Claire Delaney, a spokeswoman for New York-based Morgan Stanley, confirmed the contents of the memo.

Morgan Stanley is shuffling top executives in its investment bank after Colm Kelleher, 55, took control of that business in addition to his oversight of the firm’s trading operations. Paul Taubman, 51, who oversaw investment banking, said last month he was retiring at the end of this year.

Morgan Stanley has ranked first or second in advising on mergers and acquisitions each year since 2008. The firm produced $915 million in advisory revenue in the first nine months of 2012, a 31 percent drop from a year earlier as completed global deal volume fell 23 percent.

The Wall Street Journal reported the appointments earlier today. The changes are effective Jan. 1.

Mark Eichorn, who previously led M&A in the U.S., was named global co-head of investment banking with Franck Petitgas, 51, last month. Michele Colocci, who was named head of the M&A group in Europe in 2010, will become a vice chairman of investment banking and will remain chairman of European M&A, according to a person briefed on the matter, who asked not to be identified because the information hasn’t been made public.

Eaton Deal

Eatroff previously ran Morgan Stanley’s technology investment-banking group on the East Coast and advised Deutsche Telekom AG on the pending merger of its T-Mobile USA unit with MetroPCS Communications Inc. He also advised Comcast Corp. on its purchase of a controlling interest in NBC Universal.

Head previously helped lead the firm’s financial services merger-advisory group for the U.S. and Canada. He was on the team that advised the Federal Reserve Bank of New York on its dealings with American International Group Inc. during the financial crisis, and advised First Data Corp. on its 2007 sale to KKR & Co.

Donlon advised equipment maker Eaton Corp. on its $11.8 billion purchase of Cooper Industries Plc, a maker of electric- distribution equipment, which was completed last month. He also advised Dutch lender ABN Amro Bank NV on its 2007 sale to Royal Bank of Scotland Plc.

Groeller previously served as co-head of investment banking in Germany and Austria. He advised Porsche SE on the sale of its automotive business to Volkswagen AG, and Daimler AG on its disposition of a stake in European Aeronautic, Defence & Space Co.

To contact the reporter on this story: Michael J. Moore in New York at mmoore55@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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