Morgan Stanley China IB chairman leaves

Alex To, Morgan Stanley’s chairman of China investment banking, is leaving the firm amid a flurry of movement within China investment banking.

Morgan Stanley’s chairman of China investment banking Alex To is leaving the firm, a spokesman for the US bank confirmed. To is currently on gardening leave and believed to be headed to a rival firm.

To had joined Morgan Stanley in 2006 and was a key senior banker involved in the coverage of Chinese pork producer WH Group. Morgan Stanley was one of two banks, the other being BOC International, which arranged WH Group’s $2.05 billion re-launched IPO in July, after the firm pared down the number of bookrunners from a record 29 to just two. BOC International had lent heavily to the company.

The US firm...

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