Morgan Stanley adds to India team

Morgan Stanley poaches four bankers from its former joint venture partner JM Financial to grow its investment banking franchise.

Morgan Stanley has added to its investment banking capabilities in India, poaching four people from its former joint venture partner JM Financial.

Joining Morgan Stanley will be JM FinancialÆs current head of investment banking, VK Bansal executive directors of corporate finance DS Kamal Yadav and Divyesh Desai and associate director, Sachin Wagle.

In February 2007, when JM Financial and Morgan Stanley dissolved their investment banking joint venture Morgan Stanley took full ownership of institutional equities sales, trading and research. It...

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