TLDR Tech / Fintech
Morgan Stanley rehires tech banker Michael Grimes from Commerce role
Morgan Stanley is bringing back veteran tech banker Michael Grimes as chairman of investment banking, based in Menlo Park, after his stint at the US Commerce Department. Grimes, a longtime dealmaker known for advising on major technology transactions, including Elon Musk's acquisition of Twitter, will focus on managing relationships with global corporate, venture, private equity, and sovereign clients. His return comes after plans for a US sovereign wealth fund he was set to lead stalled last year.
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