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Morgan Stanley rainmaker Rob Kindler is leaving after 17 years with the Wall Street investment bank to join the elite law firm Paul, Weiss, Rifkind, Wharton & Garrison, where he advised on some of the largest corporate takeovers.
Paul Weiss said Kindler is joining as a partner and will chair its mergers and acquisitions practice. He was most recently vice-chairman at Morgan Stanley and the bank’s global head of M&A.
“Rob is widely regarded as one of the most influential and respected M&A practitioners in the world,” Brad Karp, president of Paul Weiss, said in a statement Tuesday.
Kindler said he was excited to be part of what he described as a “major franchise for M&A and Activision Defense.”
“I was fortunate to be a part of Morgan Stanley for the past 17 years as its visionary leadership transformed it into the leading investment bank it is today,” he added.
Kindler began his career at the white-shoe law firm Cravath, Swinney & Moore before joining JPMorgan Chase in 2000 as global head of M&A. He moved to Morgan Stanley after six years.
One of the most important deals he made at Morgan Stanley was the sale of a minority stake to Japanese lender Mitsubishi UFJ Group (MUFG) in 2008. The $9 billion investment helped restore investor confidence in Morgan Stanley at the height of the financial crisis.
Kindler became part of Wall Street folklore when he was sent to pick up a $9 billion check from MUFG due to bank holidays in Japan and the US.
John Mack, Morgan Stanley’s chief executive at the time, described in his recent memoir how Kindler arrived “wearing his khakis and sandals” from Cape Cod, where he had been for the weekend, and then sent an email to his boss that said “WE HAVE” CHECK!!!!!!” and “IT’S CLOSED!!!!!!!!!!”.
Kindler has advised on dozens of other major deals, including AT&T’s $85.4 billion acquisition of Time Warner, Dow Chemical’s $130 billion merger with DuPont, and Bristol Myers Squibb on its $90 billion acquisition of Celgene. .
Most recently, he advised Morgan Stanley on its acquisitions of ETrade and Eaton Vance, two deals that have been central to its growth in asset and wealth management.
