Morgan Stanley has beefed up its Southeast Asia franchise by appointing two senior investment bankers in Singapore to new roles. Ronald Ong was appointed chairman of Southeast Asia while David Aronovitch was named CEO of the region, overseeing businesses including investment banking. Ong joined Morgan Stanley in 1995 and has led the bank’s franchise in Southeast Asia since 2004. Aronovitch started as an analyst in 1998 and was appointed head of Asia Pacific consumer retail investment banking in 2009 before becoming global co-head in 2018. Aronovitch will continue to maintain sector client coverage responsibilities as vice chairman of the consumer retail group. A spokesperson for Morgan Stanley confirmed the appointments and said that the bank is committed to strengthening its presence in Southeast Asia and is confident that these new appointments will help the bank achieve its goals.
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