Published by Asian Private Banker – 2nd May 2018
Morgan Stanley Private Wealth Management has recruited four Greater China relationship managers, bringing the firm closer to its target of 15-20 new frontline staff in Asia by the end of the year.
According to sources, Wendy Ren, Brian Cheng and Kan Yan have joined the American private bank’s Hong Kong office. Both Ren and Yan were previously with Citi Private Bank, while Cheng has joined Morgan Stanley from rival Goldman Sachs.
Meanwhile, former DBS private banker, Jeffrey Sung, has joined the Morgan Stanley PWM’s Singapore-based Greater China desk, which was established two years ago as a springboard for Chinese entrepreneurs looking to access Southeast Asia.
The additions follow a stead round of hiring in 2017, with the bank adding north of 20 RMs over the course of the year. Morgan Stanley also brought on Kit Lui, a former portfolio manager at the Hong Kong Monetary Authority, as a financing product specialist at the tail end of 2017.
Sources close to the private bank say that management intends to hire six more RMs for is Asia business by 18H1 and is aiming for 15-20 new RMs and 3-5 new fund product specialists by the end of the year.
A spokesperson for the bank declined to comment on the hires and targets.
