Morgan Stanley has announced the appointments of Wei Sun Christianson and William H. Strong as Co-CEOs of Asia Pacific.
This follows the Firm’s recent announcement that Owen Thomas, Asia CEO since February 2008, has decided to return to the U.S. in June.
Ms. Christianson has worked for Morgan Stanley for over eight years in Hong Kong and Beijing, and has been active in the investment banking industry in China for over 15 years. She is currently CEO of Morgan Stanley China and will continue in this role in addition to her new responsibilities.
A senior banker with over 30 years in the investment banking industry and 18 years at the Firm, Mr. Strong is currently a Vice Chairman of Investment Banking and head of the United States Midwestern region for Morgan Stanley, based in Chicago.
James P. Gorman, President and Chief Executive Officer of Morgan Stanley, said, 'With China at its heart, Asia Pacific is a critical growth region for the Firm and an increasingly important part of our global business. Morgan Stanley has built a leading and differentiated franchise in the region, most recently under the stewardship of Owen Thomas, and we will continue to invest in and expand our platforms and further grow market share there'.
'Bill and Wei are two of our most experienced and respected bankers', said Colm Kelleher, Co-President of Institutional Securities and Head of Europe, the Middle East, Africa (EMEA) and Asia Pacific. 'As the Asia Pacific market grows in scale and economic importance, we will continue to focus on serving domestic and regional clients, as well as bringing our Asia insight and expertise to our global client base. We feel that Bill and Wei are a powerful combination and the right team to lead Morgan Stanley in our next phase of growth and expansion'.
'In addition to her regional role, Wei will continue to drive the development of all of our businesses in China', added Kelleher.
William H. Strong will relocate to Hong Kong in the near future, while Wei Sun Christianson will remain based in Beijing.