Report: Morgan Stanley (NYSE:MS)’s Middle East M&A Boss, Peter Fort, resigns from the bank

  on Dec 10,2012 Posted in Business News ,Finance
 
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Morgan Stanley (NYSE:MS)’s head of mergers and acquisitions for the Middle East and North Africa (Mena) is departing from the bank.

Peter Fort reportedly resigned; he supervised the US bank’s M&A and restructuring business in the region for approximately 2 years.

Fort, an executive director based in Dubai, served the bank for about nine years advising some of its top clients in the region. It was not clear whether he will join another lender or remain in the region.

In the Gulf Arab region, several international banks cut their operations because of extreme pressure to reduce costs and a fall in deal activity.

Morgan Stanley (NYSE:MS) is one of the few banks in the region that have not undertaken a single considerable cut in 2012. At the start of  2012 it named Klaus Froehlich and Amr Diab as investment banking co-heads for Mena. On the other hand, Kamal Jabre, a veteran M&A banker took the role of regional CEO in November, 2011.

Morgan Stanley (NYSE:MS) hit -0.84% as their profit margin for the last twelve months and had an operating margin of -2.59%. Evaluating management effectiveness, return on equity was maintained at -1.41% in the last twelve months. Return on assets was -0.03%. In the previous 52 weeks the stock has traded between $12.26 – $21.19. The last session’s volume of 11.49 million shares competed with the average daily trading volume of 17.62 million shares.

Within the industry, Charles Schwab Corp (NYSE:SCHW) had a 18.41% profit margin in the last twelve months and an operating margin at 28.40%. Return on equity for this company was 10.54% in the last twelve months. Return on assets was 0.80%. In the last year the stock has moved within a range of $10.72 – $15.53. The last session’s volume of 7.64 million shares competed with the average daily trading volume of 10.87 million shares.

TD Ameritrade Holding Corp. (NYSE:AMTD) recorded a profit margin of 22.13% for the prior 12 months and an operating margin at 35.29%. Return on equity for this stock was 13.71% while return on assets was 3.20%.

Within the industry, CME Group Inc (NASDAQ:CME) had a 49.67% profit margin in the last twelve months and an operating margin at 57.08%. Return on equity for this company was 6.93% in the last twelve months. Return on assets was 3.77%.

 

 

 



 

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