Morgan Stanley investment-bank list leaked in email misfire

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Photo by Marcin Golba/NurPhoto via Getty ImagesA Morgan Stanley staffer accidentally leaked an internal document listing more than 100 investment-banking deals the firm is pitching and monitoring in Asia, revealing details of the bank’s pipeline, according to people familiar with the matter.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe list contained candidates for initial public offerings, spanning from China to South Korea and India, according to a copy seen by Bloomberg News and verified by people familiar with the matter. The list — which focused mostly on Asia, along with Europe, the Middle East, and Africa — also included private equity and pension funds backing those companies, and projects that were put on hold.The deals list was sent out via email this week to some clients by Mohamed Atmani, Asia-Pacific head of financial sponsors in the investment-banking department, who later sought to retract the message, according to people familiar with the matter. A blurred copy was also posted by an account on Instagram.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe banker had intended to send a client-facing version of the file, which largely contained general updates on the private equity sector and recent transactions, but mistakenly sent the internal version instead, some of which contained extensive price-sensitive information.Atmani, a managing director based in Hong Kong who joined the bank in 2018, declined to comment immediately and could not be reached for further comment.In a statement to Bloomberg News, Morgan Stanley said it takes client confidentiality extremely seriously.“We promptly took steps to address this inadvertent sharing of information and we continue to engage with relevant parties,” the New York-based firm said.The incident is an embarrassing misstep for the bank, which has ranked among the top underwriters of Hong Kong stock sales and Asia mergers for years. While such errors are rare, it highlights the sensitivity of information handled by investment-banking teams, where details of prospective client transactions are typically closely guarded.It’s unclear whether clients and related parties have reached out to Morgan Stanley and how the firm is addressing the issue.Several banks and financial institutions have accidentally leaked sensitive documents in recent years, leading to regulatory penalties, reputational damage, and long‑term customer trust issues.In July, Bank of Baroda in India said an employee’s email account was compromised, resulting in unauthorized access to certain data.Due to cybersecurity vulnerabilities, a unit of First American Financial Corp. exposed 885 million documents with customer information. New York’s top financial industry regulator fined the firm US$1 million for concealing those flaws.Banco Santander SA said data managed by an external party in 2024 was accessed without authorization, affecting information of clients and staff.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.