Morgan Stanley hires new Taiwan CEO

Former UBS veteran Sean Chao takes over from Gary Kuo who is joining Barclays Capital as co-head of investment banking for Greater China.

Morgan Stanley has hired Sean Chao, an 18-year veteran of UBS, to become its new CEO for Taiwan, according to a press release issued yesterday. While he will hold a different title, Chao will effectively replace Gary Kuo who left Morgan Stanley in early July to head up the Greater China investment banking business at Barclays Capital. Kuo, who had been with Morgan Stanley since 2001, was country head for Taiwan and head of Taiwan investment banking.

Chao has been head of Taiwan at UBS since 1998. He started at the firm in 1993 as head of Taiwan investment banking, a title he continued to hold until 2004. According to the release, he...

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