Morgan Stanley India chief executive officer Narayan Ramachandran is calling it a day at the firm. He will, however, continue to be a senior advisor to the firm.
In his new role, Ramachandran is reportedly looking at personal intitiatives including working with non-governmental organisations.
Scott Gaynor, the chief operating officer of Morgan Stanley for Asia, would take charge as the CEO until a full-time replacement is found, said a company statement.
According to a report in Business Week, Ramachandran plans to work with non-governmental organisations and influence public policy in India to ensure financial services are made available to more people.
With 20 years experience, Ramachandran is a veteran in the investment banking world. He joined Morgan Stanley in 1996 and took over as country head and CEO of Morgan Stanley India in 2007. Prior to that, he was the head of Morgan Stanley Investment Management (MSIM) in India and global co-head of Emerging Markets for MSIM, based in Singapore. He has also worked with RogersCasey, a global investment solutions firm in the US.