Crystal Zhu, previously head of China telecommunications, media, and technology investment banking at JPMorgan Chase & Co (NYSE:JPM), has transitioned to Morgan Stanley (NYSE:MS) as co-head of their Asia Pacific technology team, according to insiders.

She will remain based in Hong Kong and now focus on mergers and acquisitions and initial public offerings in the tech sector, leveraging her extensive experience and network in the region.

With the AI legalese decoder, companies like Morgan Stanley can streamline their legal documentation review and trade negotiation processes. It can help decipher complex legal language and provide insights into potential risks, ensuring smoother transactions.

Having spent about 15 years at JPMorgan, Zhu has served as a managing director since 2019, per her LinkedIn profile, Bloomberg reports.

Also Read: From Speculation To Revelation: JPMorgan Reportedly Unveils IndexGPT AI Tool

Before JPMorgan, she was part of KPMG’s transaction advisory division, bringing a diverse background to her new role at Morgan Stanley.

This move follows recent high-level exits at Morgan Stanley, such as Ren Chen, formerly global head of internet investment banking, and Henry Tsai, who headed internet investment banking for the Asia-Pacific region, highlighting a shift in leadership within the organization.

Bloomberg data indicates that Morgan Stanley trails JPMorgan in this year’s APAC M&A league, with a 17% drop in deal volume involving regional firms. In contrast, activity in the U.S. and Europe has surged over 40%, emphasizing the competitive landscape.

Prior reports indicated Morgan Stanley’s plan to slash 50 investment-banking jobs in Asia-Pacific following declining revenues in the region, signaling a strategic realignment to optimize performance.

Meanwhile, the bank is also exploring ways to expand its offerings in Bitcoin exchange-traded funds (ETFs), tapping into the growing demand for digital assets.

In April, Morgan Stanley reported fiscal first-quarter 2024 revenues of $15.1 billion, beating the analyst consensus estimate of $14.34 billion. EPS stood at $2.02, exceeding the analyst consensus estimate of $1.68, showcasing strong financial performance.

Morgan Stanley stock gained 11% in the last 12 months, reflecting investor confidence in the company’s growth prospects under new leadership. Investors can gain exposure to the stock via Morgan Stanley ETF Trust Parametric Equity Premium Income ETF (NYSE:PAPI) and Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF (NYSE:CVLC), diversifying their portfolios.

Price Action: MS shares traded higher by 0.68% at $94.28 on the last check Monday, illustrating market confidence in the company’s performance.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors, showcasing the integration of technology in finance news reporting.

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This article Morgan Stanley Gets New Tech Team Leader – Veteran Crystal Zhu From JPMorgan originally appeared on Benzinga.com

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