Morgan Stanley said Friday that Stephen Roach, chairman of Morgan Stanley Asia and one of Wall Street’s most influential economists, will relocate from Hong Kong to New York, in part to take up a teaching post at Yale University.
Roach, who spent the last three years in Asia, will also become non-executive chairman for the region.
At Yale, Roach will be teaching undergraduates and graduate students with a focus on Asia and macroeconomic policy. Beginning this fall, his first course, entitled, “The Next China,” will be on the Chinese economy. He will also teach an International Studies senior seminar on 'Contemporary Economic Issues in Asia,' the university said in a statement on its website.
Yale noted that Roach received his Ph.D. in Economics from New York University and that his research “covers a broad range of topics, with recent emphasis on globalization, the emergence of China, productivity, and the macroeconomic impacts of information technology.”
In his latest book, 'The Next Asia,' Roach analyzes Asia's economic imbalances and the dangers of the continent's dependence on Western consumers. China Business News named 'The Next Asia' the 2009 Book of the Year.
He takes up his new role with Morgan Stanley on July 1
“We are very pleased that in his new role he will continue to be an active contributor to the Firm’s success in the region,” Owen Thomas, chief executive of Morgan Stanley Asia in a statement. “During his three years based in Hong Kong, Steve has further cemented his reputation as a clear and original thinker, commentator and communicator on the world’s major macro themes.”