Just saw Morgan Stanley reshuffled their European investment banking team pretty significantly. William Bertagna is now stepping up as Deputy Head for EMEA - that's a pretty solid move up the ladder. What's interesting is the chain reaction: Martin Grebner and Markus Fimpel are taking over the industrial group, and Karsten Hofacker's shifting to lead Financial Sponsors M&A instead. So basically William Bertagna fills the gap left behind, and everyone else gets repositioned. Pretty typical banking shuffle but worth noting if you follow the industry. Wonder what triggered this timing for the reshuffle.