North America’s best investment bank for ECM 2025: Morgan Stanley

Morgan Stanley is thinking big. Fuelled by record net revenues ($61.8 billion) in 2024 that led “one of the strongest years in the firm’s history” according to CEO Ted Pick, the bank last year promoted a slew of senior bankers to shore up its investment bank leadership.  

In the ECM space, this saw the promotion of former MS head of ECM Americas Eddie Molloy to global co-head of ECM, alongside New York-based Arnaud Blanchard (former head of equity syndicate), and former head of EMEA ECM Martin Thorneycroft in London.

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