Morgan Stanley hires Bank of America’s Kumbhat to co-lead bank advisory - Bloomberg

Published 16/07/2025, 20:12
© Reuters.

Investing.com -- Morgan Stanley (NYSE:MS) has hired investment banker Ashish Kumbhat from Bank of America Corp (NYSE:BAC). to help lead its bank advisory group, according to a report from Bloomberg, citing people familiar with the matter.

Kumbhat will join the New York-based firm in the fall as co-head of banks and diversified financials, working alongside Elizabeth Jacobs, said the people, who asked not to be identified because the details aren’t public.

A representative for Morgan Stanley declined to comment, while a representative for Bank of America didn’t immediately respond to a request for comment.

The hire comes as analysts and investors predict an increase in US bank mergers and acquisitions under US President Donald Trump’s administration, which is viewed as being more open to consolidation in the sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.