HONG KONG, October 20, 2014 – Morgan Stanley (NYSE: MS) today announced that Vivien Webb has joined the Firm’s Private Wealth Management department as a Managing Director and Head of Sales for China and Hong Kong. Previously, Ms. Webb was head of regional sales for Goldman Sachs Private Wealth Management with a focus on the Hong Kong Ultra-High Net Worth (UHNW) segment. In her new role, she will continue to be based in Hong Kong.
Commenting on the new appointment, Gokul Laroia, Co - CEO of Morgan Stanley in Asia Pacific, said: “Vivien is one of the most respected private banking business leaders in Asia.Her hire demonstrates Morgan Stanley’ s strategic commitment to Wealth Management in the region and reflects the increased strength and attractiveness of our platform following the successful integration of Wealth Management with our institutional platform.”
The Firm also announced that Eva Chan, Managing Director and previously Head of Sales for China and Hong Kong, has assumed a newly created role as Head of Marketing and Strategy for PWM Asia, focusing on client relationship management processes, marketing, advisory content and strategic initiatives.
Commenting on the announcements, Vincent Chui, Managing Director and Head of Asia Institutional Equity Distribution and Private Wealth Management, said: “These important changes bolster our expanding Asia platform as we seek to leverage the Firm’s total offering for the benefit of our sophisticated wealth management clients across the region. Our focus is on empowering our private wealth advisers with an entrepreneurial culture and access to the best products, ideas and institutional-style execution, to enhance their effectiveness for clients.”
In mid-2013, Morgan Stanley started integrating its Asia Pacific wealth management business with the institutional platform to meet rising expectations and sophistication of its UHNW clients. The Firm adopts the same disciplined and sophisticated approach to wealth management as it does to its institutional business, targeting clients who are familiar with the marketplace and actively make investment decisions for themselves, their families, and in many cases, their businesses. The Firm’s focus is on delivering to its wealth management clients the talent, product and content across all Morgan Stanley’s businesses and areas of excellence.
Vivien Webb started her private banking career at Citibank in 1983, moving to Chase Manhattan in 1987 and later joining HSBC Private Bank as Deputy Head for the Premier Clients Business in 2000. From 2004, she worked at Goldman Sachs in various senior Wealth Management roles.
Eva Chan joined Morgan Stanley in 1994 in Hong Kong. After eight years with the Firm’s Fixed Income Division she transferred to Private Wealth Management in 2002, advising ultra-high net worth individuals, private family offices, endowments and foundations. She was promoted to Managing Director in 2012.
Morgan Stanley Private Wealth Management (www.morganstanleyindividual.com/pwm/)provides highly customized financial advice, investment solutions and brokerage services to individuals, families and foundations. As Morgan Stanley’s premier service for individuals and families with significant means, Private Wealth Management specializes in providing clients with custom-tailored financial solutions and a level of sophistication and access to expertise and investments typically reserved for large corporations, financial institutions and endowments. Morgan Stanley’s wealth management business, which includes Private Wealth Management, has client assets of more than US$2 trillion.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. With offices in more than 43 countries, the Firm's employees serve clients worldwide including corporations, 3 governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
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