Morgan Stanley hires TMT rainmaker from Goldman

Morgan Stanley has hired virtuoso dealmaker Peter Chu from Goldman Sachs just as banks hustle for the best positions ahead of an expected parade of multi-billion-dollar initial public offerings from the technology, media and telecommunications sector.

Chu, who will join Daniel Wetstein as co-head of Asia Pacific TMT in December, is set to bring with him a wealth of client relationships across the region that could yet give Morgan Stanley an edge in its battle for mandates as activity builds up in the TMT sector.

Companies such as China’s Ant Financial and Lufax, Korean e-commerce leader Coupang and Naver-owned messaging app Line, and India’s e-commerce...