Carlos Oyarbide returns to Morgan Stanley

After a stint with Credit Suisse, the veteran banker comes back to lead the US investment bankÆs operations in China.
Morgan Stanley has poached Carlos Oyarbide from Credit Suisse to lead its China operations as managing director and chief operating officer û a hiring that offers further insights into the bankÆs ambitious expansion plan in the country.

In this newly created role, Oyarbide will be responsible for developing and executing the US investment bankÆs strategy in China, and for strengthening its platform in this booming part of the world. Previously the head of the Asia Pacific Financial Institutions Group at Credit Suisse, Oyarbide will come on board in July and will report to Wei Christianson, Morgan StanleyÆs China chief executive officer.

ôCarlosÆ diverse experience and strong China exposure position him well for this important role. Together, we will continue our intense focus on providing our clients with cutting-edge ideas, strategic advice and flawless execution in the China market,ö says Christianson in a written statement.

Oyarbide joined Morgan Stanley in 1993 and stayed with the bank for 10 years. Most of that time he spent in Europe initiating and executing mergers and acquisitions, corporate restructurings and equity financing transactions in various industries and countries.

Between 1999 and 2000, he was relocated to the bankÆs Hong Kong office to carry out a wide range of transactions in China, Korea, Hong Kong and Thailand. Thereafter he headed up Morgan StanleyÆs European corporate finance department out of London and also spent about a year running the US investment bankÆs Spanish brokerage and asset management company with US$ 6 billion under management, before he joined Credit Suisse in 2003.

Throughout his career, Oyarbide has worked on a number of Chinese transactions, including the restructuring and initial public offerings of China Unicom, Sinopec, China Life Insurance, Semiconductor Manufacturing International, China Construction Bank and Industrial and Commercial Bank of China.

As head of the financial institutions group at Credit Suisse, he has also advised on various cross-border acquisitions and divestitures in the region.

Last year, Morgan Stanley acquired Nan Tung Bank, a Zhuhai-based foreign funded bank formerly owned by a full subsidiary of Bank of China. The acquisition enabled the bank to offer a broader range of products and services to its clients. At the time, Morgan StanleyÆs chairman and CEO John Mack expressed a wish to build a fully integrated financial services firm in China. The bank also pledged to commit resources, people and capital in the pursuit of significant investment opportunities in the Mainland.
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