Morgan Stanley appoints new co-heads of Asia-Pacific ECM

Morgan Stanley has appointed two new co-heads of equity capital markets for Asia-Pacific and a new head of equity syndicate, who will take over from current head Justin Haik, sources say.

One of the new co-heads for ECM is Jerome Leleu, who is currently head of equity origination for Southeast Asia, and the other is Mille Cheng, who is returning to Morgan Stanley after about two years as head of ECM for China at Barclays.

According to one source, Haik will be moving to a senior client coverage role and will no longer be responsible for the day-to-day management of the team and the daily dealings...