Caggiano, who spent 23 years at JPMorgan, will assume the role of Vice Chairman of M&A at Morgan Stanley, Reuters cites familiar sources.

John Collins, who previously served as the global head of healthcare investment banking, now leads Morgan Stanley's international M&A franchise.

Experienced dealmakers Tom Miles and Brian Healy lead the M&A franchise at Morgan Stanley in the Americas.

Before joining JPMorgan, Caggiano worked as a lawyer at Paul Hastings.

Caggiano was previously the co-head of North America M&A at JPMorgan, alongside Chris Roop, who left the firm last year to join Jefferies Financial Group Inc (NYSE:JEF)

Price Action: MS shares traded higher by 0.34% at $83.68 premarket on the last check Tuesday.

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