Morgan Stanley has been dealing with the fallout after an employee mistakenly sent clients an internal document detailing more than 100 investment-banking mandates and prospects in Asia, reported Bloomberg.
The document included potential initial public offerings across China, South Korea and India, based on a copy reviewed by Bloomberg News and confirmed by people familiar with the matter.
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It was mainly centred on Asia, but also covered parts of Europe, the Middle East and Africa.
It named private equity and pension fund backers linked to the companies and identified projects that had been paused.
According to the sources, the email was sent this week by Mohamed Atmani, Asia-Pacific head of financial sponsors in Morgan Stanley’s investment-banking division.
He later tried to recall the message.
A blurred version of the document was also uploaded by an Instagram account.
The intention had been to distribute a version prepared for clients, containing broad updates on private equity and recent transactions.
Instead, the internal file was sent, with some material described as highly price-sensitive.
Atmani, a Hong Kong-based managing director who joined the bank in 2018, did not immediately comment and was not available for further response.
Morgan Stanley said in a statement to Bloomberg News that client confidentiality is treated with the utmost seriousness.
“We promptly took steps to address this inadvertent sharing of information and we continue to engage with relevant parties,” the New York-based firm said.
It remains unclear whether clients or other affected parties have contacted Morgan Stanley, or what steps the bank is taking in response.
