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Bloomberg
Morgan Stanley has hired Umi Mehta, an investment banker focussed on internet companies, from Bank of America (BofA) Corp in Silicon Valley, according to people familiar with the matter.
Mehta has started work as a managing director of global internet at Morgan Stanley’s office in Menlo Park, California, working alongside Kate Claassen as co-head of the group, said the people, who asked to not be identified because the hiring isn’t public.
Representatives for Bank of America and Morgan Stanley declined to comment.
Mehta joined Bank of America in 2010 and was most recently a managing director and head of US internet investment banking, according to his LinkedIn page.
Mehta previously worked at Royal Bank of Canada and Bank of Montreal.