Laroia to take over as head of equities for Asia at Morgan Stanley

As part of a senior management reshuffle at Morgan Stanley, Gokul Laroia will take over as head of equities for Asia, while Kate Richdale becomes the sole head of Asia-Pacific investment banking. Laroia and Richdale have been co-heads of investment banking in the region since June 2009.

But the changes, which were announced internally in New York on Monday, span more than this region and Laroia’s promotion is a direct result of the current head of Asia equities, David Russell, returning to London to become head of equities for Europe, the Middle East and Africa Emea.

Russell will replace Luc Francois who has had a dual...