Morgan Stanley scoops legal heavyweight as vice-chair

Morgan Stanley has appointed David Heleniak, senior partner of Shearman & Sterling, the Wall Street legal giant, to the new role of vice-chairman.

His appointment comes after a flurry of senior departures and amid a power battle orchestrated by ex-Morgan Stanley bankers campaigning to remove chairman and chief executive Philip Purcell.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink