Morgan Stanley (NYSE: MS) today announced that it has appointed Stephen Roach as Asia Chairman. Mr. Roach, who currently serves as Chief Economist of Morgan Stanley, will relinquish this responsibility and assume his new role in June, with relocation to Hong Kong in September.
Commenting on the new appointment, John J. Mack, Chairman and CEO of Morgan Stanley, said, “Steve has been widely recognized as one of Wall Street’s most influential economists and a trusted advisor for our clients. He is an intellectual leader on many global economic issues, including those related to China. He will bring a combination of seniority, strategic thinking, and local knowledge to this important role.”
Mr. Roach joined Morgan Stanley in 1982. In his current role as Chief Economist, he oversees the Firm’s highly regarded team of economists located in New York, London, Tokyo, and Hong Kong. In recent years, Mr. Roach’s published research has covered a broad range of subjects, including globalization, productivity, the emergence of China and India, and corporate restructuring. In his new role, Mr. Roach will be Morgan Stanley’s senior representative to governments, regulators, and clients across Asia.
“Steve is a respected household name in Asia and has been sought out by many for his perspectives,” said Hans Schuettler, Chief Executive Officer of Asia. “His experience, insight, and advisory skills will complement our positive momentum in the region.”
“I am excited about joining a talented and capable team in Asia,” said Mr. Roach. “We have a great franchise in what I believe is the world’s most dynamic region and I look forward to contributing to our critical initiatives and plans for growth.”
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 31 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
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Nick Footitt, (852)2848.6847