Morgan Stanley rehires veteran dealmaker Michael Grimes to lead investment banking
Michael Grimes returns to Morgan Stanley as investment banking chairman after a government stint. He will now lead major tech listings like the SpaceX IPO.
Insights:
Morgan Stanley announced on February 9, 2026, that it has rehired veteran dealmaker Michael Grimes as chairman of investment banking. Grimes returns to the financial institution following a period of service at the U.S. Department of Commerce in the US 
US. The bank stated that the move is intended to strengthen its client relationships and ensure the firm is well-positioned to capitalize on an anticipated surge in technology initial public offerings this year.
US. The bank stated that the move is intended to strengthen its client relationships and ensure the firm is well-positioned to capitalize on an anticipated surge in technology initial public offerings this year.
