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International Business Times

Marvie Basilan

Michael Grimes, Star Banker Behind Musk's Twitter Buyout, To Lead Sovereign Wealth Fund: Reports

Michael Grimes Twitter Inc. Elon Musk Donald Trump United States Morgan Stanley Howard Lutnick Bloomberg Television the Commerce Department

Morgan Stanley top banker Michael Grimes. Bloomberg Television on YouTube | Morgan Stanley's Teflon Banker Looks Beyond Uber Flop for Next Deal (Credit: Bloomberg Television YouTube / Screenshot)

KEY POINTS

Grimes left his 30 years at Morgan Stanley to join the Commerce Department
The star banker was a key figure in Elon Musk's acquisition of Twitter in 2022
The US sovereign wealth fund is still in the early stages and plans may still change

The U.S. Commerce Department has tapped top Morgan Stanley banker Michael Grimes, who was a main figure in Elon Musk's acquisition of Twitter (now X), to lead the sovereign wealth fund being pushed by President Donald Trump, new reports revealed.

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