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Head of Morgan Stanley’s Joint Venture in China Stepping Down

Bao Yi leaving Morgan Stanley Huaxin Securities to start his own investment firm

By

HONG KONG—The head of Morgan Stanley’s joint venture in China is stepping down, a person familiar with the matter said.

Bao Yi, chief executive of Morgan Stanley Huaxin Securities Company Ltd., is leaving the bank to start his own investment firm, the person said. Mr. Yi joined Morgan Stanley in 2006 and transferred to the joint venture in 2011.

Morgan Stanley established the securities joint venture, based in Shanghai, with...

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