Morgan Stanley names Ong, Aronovitch to lead South-east Asia

MORGAN Stanley has appointed two senior investment bankers in Singapore to new roles as it beefs up its South-east Asia franchise.

Ronald Ong has been named chairman of South-east 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 confirmed the contents of the memo.

Ong joined Morgan Stanley in 1995 and has led the bank’s franchise in South-east 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. BLOOMBERG