Morgan Stanley stalwart Cho bows out after over 10 years at the helm
Eun-kyung Song
9 HOURS AGO
The head of Morgan Stanley’s Seoul office is stepping down after overseeing a series of landmark deals over more than a decade, according to sources in the investment banking industry on Wednesday.
Cho Sang-wook, head of the Investment Banking division of Morgan Stanley in South Korea, is said to have tendered his resignation after nearly 20 years with the firm, marking the end of a pivotal leadership chapter.
Cho Sang-wook
The reason for his departure has not been disclosed, but he is rumored to be in line for a leadership role at a global private equity firm.
Cho declined to comment on either his resignation or future plans when contacted by The Korea Economic Daily.
He joined Morgan Stanley’s Seoul office from now-defunct Lehman Brothers in New York in 2005 and began leading the Korean operations as co-chief in 2012.
Since 2018, he has headed the US investment bank’s Seoul office as its sole chief.
A veteran executive with nearly two decades at Morgan Stanley, Cho has orchestrated multiple high-profile deals in Korea, including the sale of Korea’s Oriental Brewery Co. by KKR & Co. and Affinity Equity Partners; The Carlyle Group’s divestiture of ADT Caps; and the sale of eBay Korea.