As part of a shakeup of its Asia equities capital markets team, Morgan Stanley has appointed Jerome Leleu and Mille Cheng as co-heads of the unit.

Leleu and Cheng will replace Justin Haik, who is moving to a new role as senior client relationship manager for equities in Asia.

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Leleu, a 15-year veteran of the bank, has worked in both Asia and Europe and has most recently focused on Southeast Asian equity markets. Cheng is rejoining Morgan Stanley from Barclays, where she headed the greater China equity capital markets business. She had spent 11 years working on equity deals at Morgan Stanley before leaving for Barclays in 2011.

Haik had headed the Asia equities team at Morgan Stanley since 2011. In his new role, Haik will "provide strategic capital raising advice to our most senior Asian clients, with an additional focus on high-profile, cross-border situations."

Alex Abagain has also been appointed as the head of the Asia Pacific equity syndicate business at Morgan Stanley.

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