Morgan Stanley hires

Morgan Stanley poaches senior investment bankers

Richard Tory, David Lau and Oki Ramadhana jump ship to Morgan Stanley as the US investment bank seeks to strengthen its investment banking franchise in the region.
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Photo: AFP</div>
<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP</div>

Morgan Stanley has added to its senior bench in natural resources and technology, as well as in its Indonesia country office.

Richard Tory joins from Credit Suisse to head the bank’s Asia-Pacific natural resources group, reporting to Kate Richdale, who heads investment banking for the region; David Lau joins from Barclays Capital as a managing director in the technology team, reporting to Daniel Wetstein; and Oki Ramadhana joins Morgan Stanley’s Indonesia office, from Goldman Sachs, as an executive director. All three are currently on gardening leave and Morgan Stanley confirmed that they will join after the summer.

Tory last worked as the co-head of the Asia-Pacific energy and resources/industrials group for Credit Suisse, with primary responsibility for industrials. Morgan Stanley has hired him to replace Hugh Thomas, who it poached from J.P. Morgan in 2009. He left earlier this year to join Australian specialist investment bank Investec as head of the natural resources team.

Tory has spent much of his career with a focus on the metals and mining sector. He was head of European metals and mining at Credit Suisse, based in London, before he took up his Asia-Pacific role in January 2010. He joined Credit Suisse in July 2007 from Lehman Brothers, where he was head of global metals and mining. He has also worked at Citi.

Lau was earlier a China-focused investment banker at Barclays Capital with a focus on telecommunications, media and technology (TMT), as well as general industrials. Lau joined Barclays Capital from Citi, where he worked for 10 years, including a stint as a managing director in the TMT team with an emphasis on equities and mergers and acquisitions.

Ramadhana was earlier an executive director at Goldman Sachs and joins Morgan Stanley in Indonesia at the same level. The bank’s Indonesian investment banking business is headed by Andy Purwohardono, who joined the US investment bank last year from Danareksa, one of Indonesia’s largest brokers. Morgan Stanley hired Purwohardono when Jakarta-based banker Inghie Kwik quit to join private-equity firm Affinity Equity Partners.

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