Roach’s role at Morgan Stanley changes

by Richard Kilner

Story link: Roach’s role at Morgan Stanley changes

Morgan Stanley has announced that the chairman of Morgan Stanley Asia, Stephen Roach, is to move from Hong Kong to New York and will become non-executive chairman of Asia, effective from 1 July 2010.

He has been chairman of Asia since 2007, having previously been Morgan Stanley’s chief economist and serving as an economist for the bank for a quarter of a century.

Roach will also join the faculty of Yale University, with a joint appointment at the Jackson Institute for Global Affairs and the School of Management.

President and Chief Executive Officer James Gorman has expressed his delight that Roach will be remaining with the firm despite moving from Asia to the US.

Gorman added that Roach had proved a tremendous asset to the bank, and an influential leader within the firm.