• Investment Banking

Morgan Stanley dealmaker Gwen Billon hired by PJT Partners amid job cuts

Billon, an 18-year veteran of Morgan Stanley, is set to join the boutique later this year

PJT Partners' London office is based in Mayfair

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A senior Morgan Stanley dealmaker is set to join boutique PJT Partners amid a fresh round of layoffs at the Wall Street investment bank.

Gwen Billon, head of services investment banking for Europe, the Middle East and Africa — who also leads Morgan Stanley's aerospace and defence dealmaking team in the region — is joining PJT Partners in a senior role, according to people familiar with the matter.