The Financial Express [FRONT PAGE][ECONOMY]

Thursday, October 23 1997

Vikram Gandhi to head Morgan Stanley India


MUMBAI, Oct 22: Vikram Gandhi has been appointed as the new president and country chief of Morgan Stanley India. Gandhi replaces Barry Hall, country chief for the past three years.

Gandhi has been serving as chief operating officer since January 1997, encompassing the firm's activities including investment banking, stock broking and research.

A chartered accountant and an MBA from Harvard Business School, Gandhi will work with Morgan Stanley's four businesses in Mumbai to help grow and develop the firm's existing business, and will be responsible for identifying opportunities for new businesses in India.

Barry Hall will return to the United States at the end of 1997 as an advisory director to Morgan Stanley, Dean Witter, Discover & Co.``India remains a long-term strategic priority for our firm and we hope to develop our business in India significantly across all sectors over the next five to ten years,'' John S Wadsworth, chairman, Morgan Stanley Asia and Morgan Stanley India stated in a statement.

``With Barry's return to the States, we are very excited to have a professional of Vikram Gandhi's standing to effect a smooth transition of leadership, to continue to build upon the foundation Barry has built and to help Morgan Stanley capitalise on the tremendous opportunities India represents,'' Wadsworth added.

Gandhi joined Morgan Stanley in 1989 and served as executive director in the financial institution group of Morgan Stanley's investment banking department at its New York headquarters.

Prior to taking up the role as chief operating officer for Indian operations, Gandhi focussed on mergers, acquisitions and strategic advisory work for Morgan Stanley's blue chip clients.

In a written statement, Gandhi said: ``Morgan Stanley has played an important role as a pioneer in the ongoing development of India's capital markets and in bringing foreign investment to help fund the country's growth. I am extremely excited by the opportunity as president of Indian operations and will participate both in the development of Morgan Stanley's business and in the further integration of India into the international capital market.''

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.

Ceat Financial Services Ltd.




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