Goldman's Lin goes to Morgan Stanley

In a surprise move designed to boost its Taiwan efforts, Susan Lin defects from Goldman Sachs to Morgan Stanley.

In probably the biggest hire of the Summer so far, Morgan Stanley has poached top Goldman Sachs banker, Susan Lin.

Lin was a managing director at Goldman, and ran its private banking division - a unit which had grown its headcount by a third in recent times. She was highly regarded within the firm and one can only imagine she was not a cheap hire for Morgan Stanley given how much Goldman stock she held from the firm's IPO.

She will transfer back to her native Taiwan, where she will run Morgan Stanley's operations, including investment banking. Morgan Stanley have lagged Goldman in Taiwan and the hire of this big gun is its...

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