Morgan Stanley Former Head of Asia-Pacific ECM Haik Is Departing

Justin Haik, who ran Morgan Stanley (MS)’s equity capital markets business in the Asia-Pacific region until May, is leaving the Wall Street firm.

Haik, a managing director who’s been with Morgan Stanley for 15 years, became co-head of Asia Pacific equity capital markets in October 2011. Fellow co-head Ronnie Potel quit in August last year, leaving Haik in sole charge.

Albert Chang, a managing director in Morgan Stanley’s investment-banking unit, is also leaving the bank. Nick Footitt, a spokesman for Morgan Stanley, confirmed the departures of Hong Kong-based Haik and Chang. The two bankers didn’t respond to calls seeking comment.

In May, Haik was appointed to a role overseeing relationships with key clients, while Jerome Leleu and Mille Cheng took over as co-heads of ECM in the region.

Morgan Stanley was the top-ranked underwriter of share sales in the Asia-Pacific region last year and in 2011, according to data compiled by Bloomberg. This year, the firm is No. 3 after Goldman Sachs Group Inc. and UBS AG, the data show.

To contact the reporter on this story: Fox Hu in Hong Kong at fhu7@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

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