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MOVES-Morgan Stanley healthcare banker Truman joins Barclays

Reuters - UK Focus

By Olivia Oran

May 21 (Reuters) - Healthcare investment banker Jason Truman has left Morgan Stanley (Xetra: 885836 - news) to join Barclays Plc (LSE: BARC.L - news) in New York, according to an internal memo from the British bank seen by Reuters.

Truman, who focuses on advising pharmaceutical and biotech companies, has worked on a number of high-profile transactions recently, including Hospira Inc (NYSE: HSP - news) 's $17 billion sale to Pfizer Inc (NYSE: PFE - news) and Abbott Laboratories (Xetra: 850103 - news) ' $5.3 billion sale of a part of its generics business to Mylan NV. He also was a member of Morgan Stanley's shareholder activist defense group.

A Barclays spokesman confirmed the content of the memo on Thursday.

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In April, Barclays announced it was hiring veteran healthcare investment banker Todd Richter from Bank of America Corp as vice chairman.

A large number of healthcare investment bankers are moving to competing banks amid a boom in merger activity in the sector. (Reporting by Olivia Oran in San Francisco; Editing by Jonathan Oatis)