Morgan Stanley’s Top Asia Banker Targets $10 Billion Revenue

Last month, as the US-China trade war heated up, Morgan Stanley’s co-President Dan Simkowitz made a discreet visit to Beijing. It was the first time a senior US executive from the bank had stepped foot in China in five years, and came days after a rare board meeting in Tokyo near the Imperial Palace.

The low-key events underscore the focus the Wall Street giant is putting on Asia under recently installed Chief Executive Officer Ted Pick. After several tough years sparked by a slump in China that hammered global banks, Morgan Stanley is regaining traction in the region.