NEW YORK, July 21 (Reuters) - Morgan Stanley ( MS )

hired Aftab Shahsingh from UBS to lead industrials

services coverage in its investment bank in North America,

according to a source familiar with the situation.

Shahsingh has worked in industrial services for more than 15

years and led more than 50 advisory and capital raising

transactions since 2020, said the source, who declined to be

identified discussing personnel matters.

Shahsingh will join Morgan Stanley ( MS ) later this year.

The bank has been adding to its industrials practice with

recent hires, including David Hammond in metals and mining and

Sean Murray for chemicals, both from Goldman Sachs, and Andy

Lipsky and Chris Khouri for industrial technology coverage from

JPMorgan Chase.

Last week, Morgan Stanley ( MS ) reported a profit that beat Wall

Street estimates in the second quarter, but its investment

banking revenue shrank.