Morgan Stanley on Friday announced a shakeup of its Asia equities team.
The Wall Street bank has appointed Jerome Leleu and Mille Cheng as co-heads of its equity capital markets business in Asia. The pair will replace Justin Haik, who is moving to a new role as senior client relationship manager for equities in Asia.
The moves were announced in an internal memo, the contents of which were verified by a Morgan Stanley spokesman.
Mr. Leleu, a 15-year veteran of the bank, has worked in both Asia and Europe and has most recently focused on Southeast Asian equity marketsâ€"a region that has outperformed the traditional Asian deal hub of Hong Kong in terms of transaction volume over the past 18 months.
Ms. Cheng is re-joining the bank from Barclays, where she headed the greater China equity capital markets business. Before leaving for Barclays in 2011, she had spent 11 years working on equity deals at Morgan Stanley.
Another 15-year veteran of the firm, Mr. Haik had headed the Asia equities team at Morgan Stanley since 2011. The bank’s memo said that, in his new role, he would “provide strategic capital raising advice to our most senior Asian clients, with an additional focus on high profile, cross-border situations.â€
The memo also added that Alex Abagain would become the head of the Asia Pacific equity syndicate business.
