Morgan Stanley India appoints new co-heads

JM Morgan Stanley promotes two from within as joint heads of the Indian institutional equity business.
Morgan Stanley has announced that Riddham Desai and Sanjay Shah will jointly head JM Morgan Stanley Securities, the firmÆs 51% owned institutional equity business in India. The post has been vacant since early January when Mihir Mickey Doshi left to head up and build Credit Suisse's broking business in the country after a 22 year innings with Morgan Stanley. DoshiÆs departure was one in a series of high profile resignations the firm witnessed in Asia in January.

Both Desai and Shah are MDs within Morgan Stanley India. Desai joined Morgan Stanley in Mumbai in 1997 and was most recently head of India research.

Shah joined JM Financial in 1996 and was most recently head of...

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