Morgan Stanley makes leadership changes to strengthen SEA presence
- Josephine Tan
- Topics: Home Page - News, Leadership, News, Southeast Asia
Morgan Stanley has named David Aronovitch as its new CEO for South-East Asia in an effort to bolster its presence in the region.
Aronovitch joined Morgan Stanley in 1998 starting as an analyst. He was later appointed as the Head of Asia Pacific consumer retail investment banking in 2009 before becoming the Global Co-Head in 2018. In his new role as CEO for South-East Asia, he will continue maintain sector client coverage responsibilities.
Meanwhile, veteran banker Ronald Ong, who has been with Morgan Stanley since 1995, will focus on his role as the Chairman of South-East Asia. Ong has helped grow Morgan Stanley’s franchise in the region since 2004 and will continue to play a crucial role with senior clients and regulators.
The appointments were confirmed by a Morgan Stanley spokesperson in a statement. Both Aronovitch and Ong will move into their new roles in the coming weeks, reported Reuters.
