hans-schuettler-leaves-morgan-stanley

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 in our Asia footprint and achieved record performances across all business lines,ö says Roach, referring to the sales and trading, banking, asset management and private wealth divisions.

I will be responsible for leading our activities...
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