(Bloomberg) — Morgan Stanley has promoted Lily Mahdavi and Ben Teasdale to co-lead its mergers and acquisitions team in the Americas, according to a person familiar with the situation.
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Mahdavi and Teasdale have been part of Morgan Stanley’s M&A group since 2012 and 2015, respectively. Mahdavi has worked on high-profile deals including ConocoPhillips’s acquisition of Marathon Oil Corp., while Teasdale advised on Edward Lifesciences Corp.’s sale of its critical care arm to Becton Dickinson & Co. for $4.2 billion, among others.
The bankers are filling the position left by veteran dealmaker Tom Miles, who took on a global M&A role last summer as part of a raft of promotions by Morgan Stanley Chief Executive Officer Ted Pick.
Separately, Morgan Stanley has promoted David Khayat to the newly created role of head of financial sponsors within its M&A group, the person said, asking not to be identified discussing confidential information. Khayat joined Morgan Stanley in 2004 and previously ran consumer retail M&A at the New York-based bank.
A spokesperson for Morgan Stanley declined to comment.
Morgan Stanley was the no. 2 adviser for M&A in the Americas last year, according to data compiled by Bloomberg. Already in 2025, the bank has worked on deals including Constellation Energy Corp.’s agreed purchase of Calpine Corp. for $16.4 billion to create the largest fleet of US power stations.
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