1 hr ago
Morgan Stanley Accidentally Leaks 100-Plus Deal Pipeline List
Morgan Stanley is a large bank that helps companies raise money and complete deals.
An employee accidentally emailed clients the wrong file.
The file listed more than 100 possible deals.
Some of the deals involved India IPOs, or first-time stock sales.
Parts of the file contained information that was not meant to be public.
The employee tried to recall the email after realizing the mistake.
The list mostly covered Asia but also included other regions.
Morgan Stanley said it quickly took steps to deal with the disclosure.
An internal Morgan Stanley file listing more than 100 deals was accidentally sent to clients.
The file reportedly included price-sensitive information and details about India IPOs.
Mohamed Atmani, the bank’s Asia-Pacific financial-sponsors chief, sent the file and later tried to recall it.
The document primarily covered Asia but also included deals in Europe, the Middle East and Africa.
Morgan Stanley said it acted promptly to address the inadvertent disclosure and was engaging with relevant parties.
- Who
- Morgan Stanley and Mohamed Atmani, its Asia-Pacific head of financial sponsors in investment banking.
- What
- An internal deal-pipeline file containing more than 100 deals, including India IPOs, was accidentally shared with clients.
- Where
- The document focused largely on Asia, with additional deals in Europe, the Middle East and Africa.
- When
- The email was sent before Atmani later attempted to recall it; the articles do not provide an exact date.
- Why
- Atmani intended to send a separate client document containing general private-equity information and recent transactions, but sent the internal file instead.
Key facts
- Institution
- Morgan Stanley
- Number of deals
- More than 100
- Sensitive details
- Some sections reportedly contained price-sensitive information
- Main geographic focus
- Asia
- Other regions listed
- Europe, the Middle East and Africa
- Employee involved
- Mohamed Atmani, Hong Kong-based managing director
- Follow-up
- Morgan Stanley said it promptly took steps to address the inadvertent sharing
Quotes
Morgan Stanley
New York-based investment bank
“We promptly took steps to address this inadvertent sharing of information, and we continue to engage with relevant parties”
businesstoday.in
Sources
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