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Morgan Stanley appoints head of Japanese private equity

The US bank has chosen the co-head of Morgan Stanley Japan Securities’ investment banking division to head its private equity activities in the country.

Morgan Stanley, the global investment bank, has appointed Yoshihiko Shigenari as representative director of Morgan Stanley Capital to lead Morgan Stanley Private Equity’s operations in Japan.

He will assume his new role on 1 July, the firm said.

Jonathan Kindred, chief executive officer and representative director of Morgan Stanley Japan, said: “The private equity business is strategically important to Morgan Stanley in Japan, both to continue our local franchise growth and to support our clients’ objectives.”

Shigenari joined Morgan Stanley in 1989 and is presently a representative director and co-head of the investment banking division of Morgan Stanley Japan Securities. Prior to his current role, he worked in the areas of investment banking, corporate finance and real estate with the bank in New York and Tokyo.

A spokeswoman for Morgan Stanley told PEO that Shinegari will be working closely with Chin Chou, chief executive officer of Morgan Stanley Private Equity Asia, in his new role. Chou said in a statement: “Our focus on developing a strong private equity business in Japan builds on Morgan Stanley’s established track record in China, South Korea and across other markets in Asia.”

Morgan Stanley’s private equity team in Japan now consists of seven people.

Earlier in May this year, Morgan Stanley set up its Indian private equity unit and hired Aluri Rao from ICICI Venture to head operations in the country.

Last week the bank returned to active investment in Europe, The bank’s private equity arm is the lead investor in Breitenfeld, a niche steel producer in the Austrian region of Styria.