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Bloomberg
Morgan Stanley has appointed two senior investment bankers in Singapore to new roles as it beefs up its Southeast Asia franchise.
Ronald Ong has been named chairman of Southeast Asia, according to a memo seen
by Bloomberg News. David Aronovitch becomes chief executive officer of the region, overseeing businesses including investment banking, the memo shows.
A spokesperson for Morgan Stanley has confirmed the
contents of the memo.
Ong joined Morgan Stanley in 1995 and has led the bank’s franchise in Southeast Asia since 2004. Aronovitch started as an analyst in 1998 and was appointed head of Asia Pacific consumer retail investment banking in 2009 before becoming global co-head in 2018.
Aronovitch will continue to maintain sector client coverage responsibilities as vice chairman of the consumer retail group, the memo shows.