Prominent economist Stephen Roach to teach at Yale University
June 4, 2010
Stephen Roach is stepping down to become part-time chairman of Morgan Stanley Asia and moving to New York to take up a teaching post at Yale University.
A prominent economist, Mr Roach moved to Hong Kong in 2007 to head the bank’s Asia operations after 16 years as Morgan Stanley’s chief economist, during which time he became a leading authority on the Chinese economy.
He will continue as non-executive Asia chairman at the US bank.
Mr Roach became a familiar face among regional economic and political leaders during his three years based in the region, and is known for his bearish views on the state of the US economy.
He will join Yale’s Jackson Institute for Global Affairs and the university’s school of management later this year, where he will teach on China, Asia and macroeconomic policy.
“This is a new chapter in my career but I will stay focused on Asia both for Morgan Stanley and in academia,” Mr Roach told the FT.
“There are a lot of misperceptions about Asia in countries such as the US and I look forward to playing an active role to correct those.