Hans Schuettler leaves Morgan Stanley
Stephen Roach becomes acting CEO for Asia, in addition to his role as Asia chairman.
After a 17-year career at Morgan Stanley, chief executive officer for Asia, Hans Schuettler, surprises the market by resigning from the firm and returning to Germany with his family û less than two years after he arrived in the region.
For the time being he will be replaced by well-known economist and Morgan Stanley Asia chairman, Stephen Roach, who has been with the bank since 1982.
Hans and the senior team have done a tremendous job. We've seen significant growth...
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