Morgan Stanley not hiring JPMorgan banker on big guarantee
What happened? Neither JPMorgan nor Morgan Stanley are commenting, but it's understood that Thomas Christl - who left JPMorgan earlier this year and who was due to join Morgan Stanley as head of consumer and retail investment banking for Europe, isn't joining after all.
Christl, who was contacted for comment, didn't respond. It's possible that Morgan Stanley has withdrawn its offer.
Christl was seen as a big win for Morgan Stanley. Sources say the US bank had been delighted to hire him and that Christl had been offered a large guaranteed bonus to join, which had been signed off at a very senior level.
Christl, who is in his mid-30s, had spent his entire 17-year career at JPMorgan. The FCA register says he left the bank in late April 2023. He was made an MD at the bank in 2019.
Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email firstname.lastname@example.org. Signal also available.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)