A senior analyst at Bank of America Merrill Lynch has left to co-head European capital goods research at Morgan Stanley, making him the latest in a number of sector specialists to depart the bank for a rival in recent months.

Ben Maslen, who joined Merrill Lynch from Lehman Brothers in 2005, ceased to be active on the UK's Financial Services Register on April 23. He will join Morgan Stanley as co-head of capital goods research for Europe, the Middle East and Africa, working alongside Ben Uglow. His start date is unclear.