Doctor in the Morgan Stanley house

MD and CEO Dr Ho C Yang has a new responsibility -- managing the Korean branch''s investment banking unit.

Morgan Stanley Korea managing director and CEO Dr Ho C Yang will be responsible for the company's investment banking unit, following the departure of E S Kim.

He will be supported by company principals Jason Shin and Sung Woo Park.

Dr Yang will report directly to president and managing director of Morgan Stanley Asia Pacific, Mario Francescotti, and the managing director of investment banking Asia Pacific, Michael J Berchtold.