Technology banker Michael Grimes is in talks to leave Morgan Stanley (MS) to work for the Trump administration, The Wall Street Journal’s Corrie Driebusch, Brian Schwartz, and Lauren Thomas report, citing people familiar with the matter. Grimes has advised technology companies in their IPOs, and has courted Trump ally Elon Musk and several of the executives who are setting up the new government agency, DOGE, to cut costs across the government, according to the report. It is unclear what role Grimes could take in the administration, though he has told some people and clients that he could be working with DOGE, sources say.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MS:
- Morgan Stanley Backs Chipmaker Qorvo after Starboard Stake
- Goldman Sachs rolling out AI assistant for employees, CNBC reports
- Morgan Stanley Rewards Top Asia Bankers with Up to 40% Bonus Increase
- Morgan Stanley price target raised to $140 from $130 at UBS
- Morgan Stanley price target raised to $153 from $146 at BofA