Morgan Stanley has shuffled roles in its Asia investment banking department in an effort to reward key rainmakers, according to memos seen by FinanceAsia on Tuesday.
Dieter Turowski will become chairman of investment banking Asia Pacific outside of Japan. Turowski had been co-head of investment banking Asia Pacific since 2013, with Shane Zhang.
The moves comes as the US firm looks to bolster its position in MA and equity financing across the region, as well as orient its fixed income capital markets business more towards high yield bonds, leveraged finance and private deals.
In his new role, Turowski will focus his...