The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Tue, Feb 7, 2023 · 08:13 PM
    • Ronald Ong has been named chairman of South-east Asia, while David Aronovitch becomes chief executive officer of the region, overseeing businesses including investment banking.
    • Ronald Ong has been named chairman of South-east Asia, while David Aronovitch becomes chief executive officer of the region, overseeing businesses including investment banking. PHOTO: BLOOMBERG

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More