Morgan Stanley (MS) has made leadership changes at its investment bank’s natural resources team, which includes mining and energy, according to an internal memo.
Richard Robinson and Andrew Wetenhall have been appointed co-heads of basic materials for the Americas, Carl Contiguglia, head of Morgan Stanley (MS:US)’s Global Natural Resources Group, said in the memo, obtained by Bloomberg News.
Richard Chen and Chen Shen, a former BNP Paribas SA banker, will co-head natural resources investment banking in the Asia-Pacific region, Contiguglia said in the memo. Michael O’Dwyer and Richard Tory have been named co-heads of NRG Europe. Tory came to Morgan Stanley from Credit Suisse (CSGN) Group AG in 2011, and will relocate to London next year. He will also be global head of mining.
Morgan Stanley’s investment-banking division generated $945 million in first-quarter revenue, up 11 percent from a year earlier, the company reported in April. The bank ranked ninth among advisers on global mining and energy deals for the last twelve months, according to data compiled by Bloomberg.
David Kotler remains leader of the European energy deals practice, working closely with Simon Parker, according to the memo.
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