Morgan Stanley Taps Senior Brazil Advisor

Morgan Stanley has hired a seasoned executive to boost its Brazil investment banking platform. Cassio Casseb, who has held CEO posts at Grupo Pao de Acucar and of Banco do Brasil, will join the Morgan Stanley payroll as a senior advisor, but will not have the specific sector coverage duties of an ordinary banker, says Charlie Stewart, Sao Paulo-based head of LatAm investment banking. Casseb will continue to serve on company boards he is already on, but will be tapped for his contacts and expertise when needed by the bank. As such, he will occupy a role that exists elsewhere in Morgan Stanley’s global roster. One example of a senior advisor in the US is Steve Oxman, a veteran lawyer and banker who today chairs the Princeton University executive committee. Morgan Stanley has also recently hired a senior banker for its Sao Paulo office. Marcelo Naigeborin joined after departing Itau BBA in February.