Morgan Steals Goldman Originator

Morgan Stanley has nabbed Mario Leao, a senior investment banking origination executive at Goldman in Brazil. He is expected to report to Daniel Goldberg, head of investment banking for Brazil at Morgan Stanley. The two shops have engaged in similar swaps in the past. Last August, they engaged in a high stakes, and likely costly trader swap. Goldman’s Igor Mansour, an FX and fixed income trader, defected to Morgan’s Sao Paulo office after being shipped down to Brazil from New York. In a seemingly retaliatory move, Morgan took Adriano Piccinin, naming him MD in charge of trading.