In this role, Mr Levin will be responsible for overseeing the Firm’s regional investment management business with a focus on new market and product opportunities. He will be based in Hong Kong.

Mr Levin has over 25 years of asset management experience, most recently as a Managing Director at Goldman Sachs Asset Management. Previously, he spent a decade with Credit Suisse in various senior roles including Head of Asset Management for both Asia Pacific and the Americas. Mr Levin was also a Co-Founder of AsiaCrest Capital and Metropolitan Venture Partners, and began his career at the Man Group.

Commenting on the appointment, Dan Simkowitz, Head of Investment Management at Morgan Stanley, said: “We are pleased to welcome Michael to MSIM. His appointment reflects our positive outlook on the Asia asset management opportunity and our commitment to continuing to build out our MSIM platform in the region. Michael will lead our strong Asia team and we look forward to leveraging his deep experience and relationships to further grow our presence.”

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Eaton Vance common stockholders were offered 0.5833 Morgan Stanley common shares and $28.25 per share in cash for each Eaton Vance common share, and had the opportunity to elect to receive the merger consideration all in cash or all in stock, subject to proration and adjustment. As provided under the merger agreement, Eaton Vance shareholders also received a special dividend of $4.25 per share, which was paid on December 18, 2020 to shareholders of record on December 4, 2020.

“This acquisition further advances our strategic transformation by continuing to add more fee-based revenues to complement our world-class, integrated investment bank. With the addition of Eaton Vance, Morgan Stanley will oversee $5.4 trillion of client assets across its Wealth Management and Investment Management segments. The Morgan Stanley Investment Management and Eaton Vance businesses are delivering strong growth and their complementary investment and distribution capabilities will deliver significant incremental value to our investment management clients,” said James P. Gorman, Chairman and Chief Executive Officer of Morgan Stanley.

Thomas E. Faust, Jr., Chairman and Chief Executive Officer of Eaton Vance, will become Chairman of Morgan Stanley Investment Management and will join the Morgan Stanley Management Committee.

“We are excited to welcome Eaton Vance. Our combined organisation is exceptionally well positioned to deliver differentiated value to our clients and growth opportunities for our employees,” said Dan Simkowitz, Head of Morgan Stanley Investment Management.

”My Eaton Vance colleagues and I are pleased to join Morgan Stanley to begin the work of building the world’s premier asset management organisation,” said Mr. Faust. “On a combined basis, Morgan Stanley Investment Management and Eaton Vance have unrivaled investment capabilities, distribution reach and client relationships around the globe.”

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