Goldman Sachs has brought in a new head of equity syndicate from rival Morgan Stanley, showing that banks are still making selective hires even as the industry begins to pause recruitment amid the Covid-19 pandemic.

Mark Maislish will join the US bank as head of equity capital markets syndicate for Europe, the Middle East and Africa next month, a Goldman spokesman confirmed. His arrival follows the departure of John Bentinck van Schoonheten in February.