Investment exec departs Morgan Stanley Private Wealth
Nathan Lim, co-head of investment management services at Morgan Stanley Private Wealth, has departed the firm after seven years.
In this role, he had been responsible for forming its asset allocation and portfolio management capabilities for Australia and Asia.
He had previously led wealth management research at the bank for six years before stepping into the new role in Hong Kong in February 2022.
Prior to his stint at Morgan Stanley, Lim had been with Australian Ethical Investment and had departed the green fund manager as a portfolio manager of international shares.
He cited the desire to return to responsible investing as a driver of this career change.
“I leave after delivering a disciplined, institutional-grade portfolio management approach based on the firm’s asset allocation for Australia and Asia. To enable this, we institutionalised our fund selection process and brought in industry best practices to deliver multi-award-winning solutions,” Lim wrote on LinkedIn.
“My yearning to return to my responsible investing roots precipitated this change, and I look forward to exploring new opportunities.”
Lim’s departure would follow a slew of changes at Morgan Stanley Wealth Management, as previously reported by the Australian Financial Review (AFR).
In early April, the AFR reported that numerous Melbourne private client advisers, including Julian Reeves were leaving, alongside national administration manager Cassandra Drummond and state risk manager Peter Somerville.
Reeves had since moved on to a private adviser role at Ord Minnett.
A spokesperson at Morgan Stanley Wealth confirmed that there had been changes in recent months “in the context of the normal operations of a 250-strong organisation.”
They reiterated that there was no systematic program of redundancies or similar at Morgan Stanley Wealth.
AUTHOR
Rhea Nath
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
