Boutique investment bank Greenhill & Co. hired Richard M. Steinman away from Morgan Stanley to be a managing director in its retail practice. Steinman had been at Morgan for 17 years, most recently as head of the bank's Global Retail group.
Robert F. Greenhill, Greenhill's chairman and chief executive, said Steinman's hiring was "another important step in our strategy of expanding the firm's reach by recruiting top bankers with industry or geographic expertise that adds to our capabilities."
Financial News says Greenhill "has a long tradition of hiring Morgan Stanley alumni," including Greenhill himself, Co-President Scott Bok and technology banker Dhiren Shah.
Steinman earned his undergraduate degree from Brown University and his MBA from the University of Pennsylvania's Wharton School.