Morgan Stanley picks Ong, Aronovitch as SEA lead

Morgan Stanley has made two new senior appointments in Singapore, as part of its efforts to strengthen its presence in South-east Asia. The investment bank has named Ronald Ong as Chairman of South-east Asia and David Aronovitch as the CEO of the region.

Ronald Ong has been associated with Morgan Stanley since 1995 and has been leading the bank’s franchise in South-east Asia since 2004. David Aronovitch joined the bank as an analyst in 1998 and has held several key positions since then, including head of Asia Pacific Consumer Retail Investment Banking and Global Co-Head.

As the CEO of South-east Asia, Aronovitch will be responsible for overseeing businesses such as investment banking. He will also continue to serve as Vice Chairman of the Consumer Retail Group and maintain sector client coverage responsibilities.

A spokesperson for Morgan Stanley confirmed the appointments and said that the bank is committed to strengthening its presence in South-east Asia and is confident that these new appointments will help the bank achieve its goals. The bank has a long history of providing high-quality investment banking services to clients in the region and these appointments will allow it to continue this legacy.