HONG KONG, April 2 Morgan Stanley has
named Aisha De Sequeira and Sanjay Shah as the new co-heads of
its business in India, replacing Jayendra Nayak, according to an
internal memo seen by Reuters on Tuesday.
De Sequeira and Shah will maintain their current duties in
India as head of investment banking and co-head of equities
respectively, the memo said. The pair will formally take on
their new duties in May when Nayak leaves his full-time role
with the bank.
Nayak will continue to be employed by the company as a
senior adviser. A Morgan Stanley spokesman confirmed the
contents of the memo.