HONG KONG (Reuters) - 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.
(Reporting By Lawrence White; Editing by David Goodman)