Morgan Stanley’s sale of its minority share in China International Capital Corporation (CICC) might have caused ripples in the water. In December, Morgan Stanley China sold its stake in CICC to TPG Capital and KKR Private Equity. Now, a few weeks later, Ding Wei the leader of CICC’s investment department is leaving his post. I’m sure Mr Wei will land on his feet and he has already made it public that he is considering setting up his own private equity firm.
Home Investment Banking Real Estate articles Morgan Stanley divests minority share in China International Capital Corporation
I’ve been reading this news all over the last couple of days. Serious blow to CICC as Ding Wei has a lot of international experience including leading the World Bank, IMF, and Deutsche Bank. Who can replace him?!?