Morgan Stanley Global Co-Head of the Investment Banking Division Mo Assomull speaks at the Reuters NEXT conference, in New York City, New York, U.S., December 3, 2025. REUTERS/Brendan McDermid

By Tatiana Bautzer and Lananh Nguyen

NEW YORK, Dec 3 (Reuters) - Morgan Stanley is seeing a strong deal pipeline next year for mergers, acquisitions and IPOs, its co-head of investment banking, Mo Assomull, said on Wednesday.

M&A pipelines are broadly healthy across sectors, with technology, healthcare, industrials and financials being particularly active, he said on a panel at the Reuters NEXT conference in New York. The economic backdrop for deals is also supportive, he added.

The Trump administration's pro-growth stance is also expected to spur consolidation in the financial sector, Assomull said.

"We do expect to have more banks-related M&A over the next few years, for many reasons," he said. Those reasons include a more friendly regulatory environment and lenders' need to increase their scale.

Regarding artificial intelligence, investors and lenders have become more "discerning" about financing companies in the space, he said.

Morgan Stanley's profit beat estimates in the third quarter as a surge in dealmaking drove revenue to records. The bank's finance chief said in October that its investment banking pipeline was at "all-time highs."

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(Reporting by Lananh Nguyen and Tatiana Bautzer in New York; Editing by Chris Reese and Matthew Lewis)