Chin Chou, head of private equity in Asia, and Andrew Hawkyard, the chief investment officer, will retire; Xu will lead the Chinese PE market; and the co-head of private equity in India will lead the Asian region other than China.
The Zhitong Finance App learned that a recent memorandum from Wall Street firm Morgan Stanley (Morgan Stanley) shows that after senior employees Chin Chou and Andrew Hawkyard retired, the top investment bank is restructuring its private equity (PE) business unit in Asia. According to the memorandum, Morgan Stanley Asia private equity director Chin Chou and chief investment officer Andrew Hawkyard will retire, Jun Xu will lead the Chinese PE market, and the co-head of India's private equity business will lead the Asian region other than China.
According to information, Chin Chou has been working at Morgan Stanley for about 35 years, leading the private equity business in the Asian region. Hawkyard recently became the chief investment officer for private equity in Asia. He has been with Morgan Stanley for 24 years. According to media reports, a company representative confirmed the contents of the memorandum.
According to the memorandum, following a change in senior management, Morgan Stanley is restructuring the team and merging its onshore and offshore investment teams focused on the Chinese market into a business team focused on the Chinese market to optimize its investment footprint in the region.
According to some data, Jun Xu joined Morgan Stanley in 2005. In the future, he will expand his current role as RMB fund manager and lead all private equity investments in the Chinese market. Nirav Mehta (Nirav Mehta) and Arjun Saigal (Arjun Saigal), who are currently co-heads of private equity business in the Indian market, will serve as co-heads of private equity business in Asia other than China.
Recently, the world's top asset managers, including TPG Inc., Carlyle Group (Carlyle Group), and Warburg Pincus (Warburg Pincus), have diversified their investment footprint across the Asian market. Markets such as Japan and India are expected to benefit as capital flows to regions with higher expected returns.