More on Morgan's new exec team

A series of top investment bankers left Morgan Stanley before CEO John Mack took over. So it was natural to assume that he might have picked one to head up the firm's investment banking operations. The list included the likes of Vikram Pandit, Joseph Perella, Stephen Newhouse, Terry McGuid and John Havens, according to MarketWatch. So the naming of Walid Chammah as head of investment banking suggests perhaps that Mack failed to lure one of the heavyweights back.

> Here's a MarketWatch article.