US investment bank Morgan Stanley has appointed a new chief executive of its business in Japan, after confirming Jonathan Kindred will retire from the role in April.
Alberto Tamura, currently head of the institutional equity division at Morgan Stanley in Japan, will assume the role of CEO of Morgan Stanley Japan. Tamura will also take on Kindred’s CEO role at Morgan Stanley MUFG Securities upon his retirement later this year.
Kindred was first appointed CEO of Morgan Stanley Japan in 2006 and played a key role in establishing the investment bank’s alliance with Mitsubishi UFJ Financial Group, which saw the formation of the joint venture between Morgan Stanley and MUFG in 2010. He has been CEO of Morgan Stanley MUFG Securities since its inception, and will continue to work the business as a senior advisor.
“Jon has played an important role in the overall success of our strategic alliance with MUFG, and his leadership was invaluable in developing and growing the Firm’s Japan franchise,” said James Gorman, chairman and chief executive officer of Morgan Stanley. “We are deeply appreciative of Jon’s nearly 36 years of service at Morgan Stanley.”
Tamura has held various senior roles within Morgan Stanley’s equities franchise since he first joined the bank in 1996. He was appointed head of the institutional equity division in Japan in 2008 and has been a member of the management committee of Morgan Stanley MUFG Securities.
“With his experience, leadership and proven record of achievements, we are confident that Alberto is well positioned to guide our market-leading Japan franchise to even further success,” Colm Kelleher, president of Morgan Stanley, concluded.