The Asia private equity unit of Morgan Stanley has been reorganized following the retirement of its current CEO.
Morgan Stanley Private Equity Asia's (PEA) current CEO Chin Chou is retiring, according to a «Reuters» report citing an internal memo. He steps down after a 35-year career with the bank’s private equity arm across New York and Asia. Chou also served on the firm’s APAC executive committee and is a key leader in its five regional private equity funds.
After 24 years with Morgan Stanley PEA, chief investment officer Andrew Hawkyard will also retire.
China Carve-Out
Moving forward, a China team focused on onshore and offshore investments will be carved out from the region of the region. Current head of yuan-denominated investment funds Jun Xu will lead all private equity investing in China. Xu joined Morgan Stanley in 2005 and its Asia private equity unit in 2008.
India private equity co-heads Nirav Mehta and Arjun Saigal will become co-heads of Morgan Stanley PEA ex-China. This team will invest across Asia with a core focus on India.
