Michael Grimes, the star technology investment banker and one of the closest advisers to Elon Musk, has rejoined Morgan Stanley after a year working in the Trump administration.
The Wall Street firm told employees in a memo on Monday that Grimes, who has been behind the mega listings of Facebook, Uber and Palantir, was returning to the group as chair of investment banking.
His return to Morgan Stanley comes as investment banks vie for the lead position on the blockbuster public listing of Musk’s SpaceX company, which is likely to be the biggest initial public offering in history and generate a huge windfall in fees.
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