Morgan Stanley China CEO Wei Sun will retire at the end of the year

On September 28, the first financial reporter learned that Sun Wei, co-CEO of Morgan Stanley Pacific and CEO of China, is about to step down.

According to an internal email obtained by the agency, "After working at Morgan Stanley for nearly 20 years, Sun Wei told us that she decided to retire from the company. He will step down at the end of the year, but will still serve as an advisory director. ”

During Sun's tenure, Morgan Stanley expanded the company's onshore practice in China, including securities underwriting, commercial banking, asset management, RMB private equity investments and QDLP fund investments.

It is worth mentioning that on July 13 this year, Huaxin Shares announced that Morgan Stanley Huaxin Securities Co., Ltd. completed the registration of industrial and commercial changes involved in the equity transfer. At the same time, the name of the company was changed to "Morgan Stanley Securities (China) Co., Ltd." Morgan Stanley's shareholding has been increased to 90%, and the equity delivery has been completed, only to be formally filed with the China Securities Regulatory Commission. This is an important milestone in its continued development of its business in China.

Wei Sun joined Morgan Stanley Investment Banking in 1998 and served as Chairman of Credit Suisse China and Chairman of CitiGroup Global Financial (Asia) Limited China from 2002 to 2005 before returning to Morgan Stanley in early 2006 as CEO of China. It can be said that it has witnessed the most critical 20 years of china's capital market development and financial opening up. During her investment banking career, Sun Wei has played an important role in a number of representative privatization projects, overseas listings of Chinese companies and mergers and acquisitions, such as Sinopec's restructuring and 2000 listing.