By Richard Pearson, The China Post
Pledging to cull more local talent for its operations in the Asia-Pacific financial services company, Morgan Stanley has unveiled a cooperative fellowship program with National Taiwan University allowing students to work at the firm’s offices during their summer vacations and also announced the first four winning students.
Under the terms of the Morgan Stanley – National Taiwan University Young Fellows Program, students from NTU will spend three months during their summer holiday working in various branches of the firm’s operations in Taipei. According to Dickson Ho, managing director and head of research for Morgan Stanley in Taipei, students may also have the chance to spend some time at company operations in Hong Kong.
Speaking at the signing ceremony held at NTU’s College of Management yesterday evening representatives from Morgan Stanley said that talent is crucial to the firm’s continued success and that greater recruitment of local talent is a key part of the firm’s hiring program. “Talent is Morgan Stanley’s most important asset, therefore we put great emphasis on the development of talent”, indicated Ho, an NTU alumnus.
Morgan Stanley is also hoping to find much of the talent it needs from regional colleges and universities rather than relying heavily on overseas academic institutions. “The more locals I can hire the better”, said Hong Kong-based Robert Vaudry, executive director of the firm. Vaudry said that graduates from universities in Taiwan possess financial skills equal to those from any other top schools elsewhere in the world.
Morgan Stanley officials said that the firm plans to establish similar fellowship programs at universities in every region of the world in which it operates. Alexandria Albers, managing director and chief administrative officer for the firm’s Asian operations said that NTU was the only school Morgan Stanley approached in Taiwan. The four pupils awarded this year summer’s fellowship, Wei-Yin Chen, Angel Cheng, Kelly Wang, and Hsinyi Wang, are all students of the College of Management. The fact that all four are also female provoked interest among journalists leading Chen-en Ko, dean of the College to emphasize that the decision was based solely on merit and did not favor students of one gender over the other. According to Ko, “Women in Taiwan are so outstanding, this is a fact. We have to get more men to join our program and also to let the men know that they will enjoy no special rights – they still have to work hard.”