Morgan Stanley man defects to Barclays Asia

Steve Dinneen
Follow Steve
A TOP Morgan Stanley banker has defected from the firm’s Asia-Pacific M&A unit to take up a senior job at rival Barclays.

Edward King is expected to join Barclays’ Asia-Pacific arm this summer after stunning bosses at Morgan Stanley with his resignation.

Samuel Kim and Peter Ding, both senior bankers within the same division, will take on new roles as the co-heads of Asia Pacific M&A, a company spokesman told City A.M.

King is a veteran banker with the US bank and has been involved in some of its most high-profile M&A work in the region.

He oversaw PetroChina’s £3.44bn takeover of part of Australian energy firm Arrow and AIA’s £2.15bn sale of its Taiwanese insurance arm.

King’s departure is the second Morgan Stanley defection to Barclays. Last year its head of Asia Pacific investment banking Matthew Ginsburg took up the same role at Barclays.