Morgan Stanley (NYSE:MS) announced today the appointment of Peter Bacon as a Managing Director, Chairman of the European Financial Sponsors Group and Co-Head of Global Leveraged and Acquisition Finance. Peter will join on 1st September and will be based in London.
Reporting jointly to Christopher Carter, Vice Chairman of Institutional Securities and Head of Global Capital Markets, and Franck Petitgas, Head of European Investment Banking, Peter will be responsible for managing and further developing Morgan Stanley’s private equity and leveraged and acquisition finance business. He will work closely with colleagues across the Firm’s Investment Banking and Global Capital Markets divisions.
Commenting on the appointment, Christopher Carter said, “We are delighted that Peter is joining Morgan Stanley. His extensive experience in delivering advisory and financial solutions to private equity and hedge fund clients will be a great asset to our business as we further develop our offering to these key clients.” Peter’s arrival at Morgan Stanley will see him working again with Carter, after the two were colleagues at Credit Suisse from 2000-2005.
Frank Petitgas said, “I’m delighted Peter is joining us at Morgan Stanley. He has an outstanding record as a private equity banker with deep experience of leveraged finance capital markets. Peter will be a terrific addition to our franchise, and in these challenging markets I’m convinced that he will add enormous value to our leveraged finance and private equity dialogues.”
Peter Bacon said, “I look forward to joining Morgan Stanley. The Firm’s reputation for innovation combined with its extensive global reach means there’s a great opportunity to strengthen this business’s market-leading franchise.”
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 32 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Note to Editors:
Most recently a Partner at hedge fund GSO Capital Partners in London, Peter was previously a Managing Director and Head of European Financial Sponsors Group at Credit Suisse First Boston from 2000 to 2006, where he built the Firm’s financial-sponsor investment banking businesses in Europe. Peter was also Head of Chemicals Group at Donaldson, Lufkin & Jenrette in New York from 1996-2000, where he developed a business which focused on non-investment grade companies and leveraged buyouts. He also worked in the corporate finance business of Schroders in London, as well as the investment banking division of its US affiliate Schroder Wertheim. Peter has a BA Hons. 1st Class from University of London, and a D. Phil from Oxford University.
Contact: Media Relations, Michael Wang, +44.207.425.2094