Richard Gostling, a partner within KPMG’s corporate finance team who moved across to the Big Four firm in 2014 after 20 years in investment banking, has just taken a senior job at Morgan Stanley.
Gostling has moved to head of EMEA business services in Morgan Stanley’s investment banking team. The team, which focuses on deals in industries such as catering, security, engineering and facilities management, is comparatively new, having been set up around two years ago.
Gostling’s career is a history of oscillating between banking and the big four accounting firm. He began his career at KPMG and qualified as an accountant there in 1992. He then switched into banking and worked at UBS for over ten years. Before moving to KPMG in 2014, he worked for Goldman Sachs as a managing director and head of business services.
At Morgan Stanley, Gostling is filling a role left vacant since February 2016 when Dana Weinstein, former head of the EMEA business services investment banking team, quit for J.P. Morgan.
Moving to a Big Four accounting firm was the thing to do at the time Gostling joined KPMG in 2014. Big Four firms had been making a big push to bolster their corporate finance divisions, and senior bankers have been persuaded across. As well as Gostling, KPMG hired James Agnew, chairman of corporate broking at Deutsche Bank, as a senior member of its capital advisory group in October 2014.
More recently, things have taken a turn for the worse. EY has been making cuts to its corporate finance team. However, the some of the Big Four are still hiring. – Trip Wolfe, a 20-year investment banking veteran who latterly led Citigroup’s venture capital advisory business, joined PwC as head of its U.S. technology, media and telecommunications. Paul Staples, who was a senior managing director in the European investment banking division of BNP Paribas, joined Deloitte as a partner in June last year. Meanwhile, James Agnew, the former chairman of corporate broking at Deutsche Bank, joined KPMG.
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