Morgan Stanley Gets New Tech Team Leader - Veteran Crystal Zhu From JPMorgan

Written by Emily J. Thompson, Senior Investment Analyst

Source: Benzinga

Updated: May 06 2024

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Source: Benzinga

Crystal Zhu Joins Morgan Stanley: Crystal Zhu, previously at JPMorgan Chase, transitions to Morgan Stanley as co-head of their Asia Pacific technology team.
Focus on Tech Sector: Zhu will focus on mergers and acquisitions and initial public offerings in the tech sector while based in Hong Kong.
Morgan Stanley's Recent Exits: The move follows high-level exits at Morgan Stanley, including Ren Chen and Henry Tsai from internet investment banking roles.
M&A League Performance: Bloomberg data shows Morgan Stanley trailing JPMorgan in APAC M&A league this year with a 17% drop in deal volume involving regional firms.
Financial Performance and Stock: Morgan Stanley reported strong fiscal first-quarter revenues, beating estimates, and its stock gained 11% in the last 12 months.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.