Ruchir Sharma quits Morgan Stanley after 25 years

Ruchir Sharma, head of emerging markets equity at Morgan Stanley’s investment management arm, is leaving the bank after a 25-year stint there, Reuters said citing an internal memo. Amy Oldenburg, chief operating officer of the firm’s asset management business, will take up the position immediately.

In response to an emailed query by ET, a Morgan Stanley spokesperson confirmed Sharma’s exit

New York-based Sharma, who directly managed close to $20 billion in assets at Morgan Stanley Investment Management, joined the bank as an associate in 1996. He also served as its chief global strategist.


At Morgan Stanley, Sharma has mostly managed money of pension funds and sovereign wealth funds. The funds he has been managing invests in emerging markets, Asia, Latin America, Middle East and Eastern Europe.

His core Morgan Stanley Global Emerging Markets fund has beaten the MSCI benchmark index by 6.9% over the past year. The Emerging Leaders fund returned 26.14% in the year to October 31 as against the 16.96% of the MSCI Emerging Markets Index, according to Morgan Stanley’s performance disclosures.

The Next Gen Emerging Markets fund, another product overseen by Sharma, returned 44.02% in the year to October 31 compared with the 23.72% gains in the MSCI Frontier Emerging Markets Net Index.