Ji-Yeun Lee, deputy head of Morgan Stanley’s investment banking arm, has left the firm, reported Wall Street Journal.

Lee was working with Paul Taubman, who co-headed Morgan Stanley’s investment bank. Taubman left Morgan Stanley in 2012 as his rival, Colm Kelleher, took charge of the unit.

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Morgan Stanley has recruited John Collins, a mergers and acquisitions banker, from Moelis & Co, mainly for managing investment banking business.

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