PJT Partners, the independent financial advisory firm, has added another former Morgan Stanley executive to its growing ranks of senior advisors.

The company, which was spun out of Blackstone and publicly listed in 2015, is bringing in Emmanuel Gueroult, 49, to serve as a partner based in London, people familiar with the decision said. He begins on Wednesday.

Mr Gueroult previously spent 22 years at Morgan Stanley, where he worked closely with many of the individuals now at the top of the New York-based firm including its chief executive Paul Taubman. Mr Gueroult worked at Morgan Stanley until 2014, rising to the position of chairman of global capital markets for Europe, the Middle East and Africa.

He departed the bank to join a cadre of former Morgan Stanley bankers at Altice, the French telecoms group that has expanded rapidly through aggressive dealmaking in Europe and North America.

At Altice, Mr Gueroult worked as an adviser on capital markets and dealmaking but also helped set up a structure to manage the budding wealth of Patrick Drahi, Altice’s founder and majority owner.

PJT has hired six partners in Europe since its formation, including Johannes Groeller, who was Morgan Stanley’s co-head of mergers and acquisitions in Europe before moving to the firm in 2015.

Unlike most M&A advisory firms, PJT Partners began as a publicly-listed business rather than a private partnership and is still part owned by some of the founders of Blackstone, which contributed its restructuring and fundraising business.

Shares in PJT have benefited from an upswing in momentum for advisory firms and are up 37 per cent over the past 12 months.

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