Wang will be based in Hong Kong and assume his new position in mid-May. He will report to Stephen Roach, the bankÆs chief economist and Dickson Ho, the bank's head of research in Greater China.
ôQing is an important hire for us. He will bring to the team considerable experience and research expertise in dissecting one of the most important regions in the world today,ö says Roach.
Wang worked with the International Monetary Fund in Washington DC for six years before he joined Bank of America. Being an economist at the IMF, he not only covered the fundÆs member countries in Asia, Eastern Europe and the Middle East, but was also responsible for the reinforcement and implementation of the fundÆs surveillance policy framework.
Last year Morgan Stanley's vocal star, Asia economist Andy Xie, resigned suddenly following an email scandal. Although the appointment of Wang is not a direct replacement for Xie, Wang will help to comfort the bankÆs loyal supporters who are still grieving the departure of the star China analyst.
The appointment also reflects the bank's efforts to hire the best people to head its businesses in Asia. Earlier this month, Morgan Stanley hired veteran banker Carlos Oyarbide to drive its operations in China - an appointment which came less than a month after it promoted Roach to the position of chairman in Asia.
ôWith growing global interest in Asia, first class research products become ever so important in our clientsÆ business and investment decision processes. QingÆs appointment will enhance our research coverage of Greater China and the Asia region overall, and further underscores our commitment to offer the best ideas and advice to our clients globally,ö says Marcus Walsh, head of the bankÆs Asia-Pacific research.