Morgan Stanley Former Head of Asia-Pacific ECM Haik Is DepartingFox Hu
Justin Haik, who ran Morgan Stanley’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.