Morgan Stanley veteran appointed head of equities for ASIFMA

Lyndon Chao will take on role as Nicholas Ronalds steps down to relocate back to Chicago.

The Asia Securities Industry Financial Markets Association (ASIFMA) has appointed new head of equities following Nicholas Ronalds’ decision to relocate back to Chicago.

Lyndon Chao will take over the role from Ronalds who joined the group as head of equities over four years ago.

Chao will be based in Hong Kong and will lead the group’s equities-focused initiatives in the region.

As part of the role he will head up two committees - equities and post-trade - and other working groups including on the recently launched Bond Connect.

Chao has more than 25 years experience having started his career at Morgan Stanley in 1987 across several markets as managing director in New York.

He then joined UBS in 2014 to build a business centre in Shanghai before finally acting as an advisor to a 3D imaging technology start-up as of last year.

Mark Austen, CEO of ASIFMA, explained Chao’s extensive career is highlighted by his achievements in FinTech, strategic operations and risk management, “award winning regulatory advocacy for market reforms, and bridging the language and cultural gaps between Chinese and Western partners in building strategic alliances.”