JPMorgan has poached a top banker from Morgan Stanley in one of the hottest hiring areas in investment banking (JPM, MS)

Thomson Reuters JPMorgan Chase has hired a senior investment banker from Morgan Stanley to add more firepower to the firm's industrials coverage. Lawrence Steyn joins JPMorgan as a vice chairman and was previously a managing director covering industrial companies at Morgan Stanley. While industrials deal activity hasn't been outsized in 2018, it's been among the hottest sectors for banker moves this year. JPMorgan Chase has hired a senior investment banker from Morgan Stanley to add more firepow...