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BANKING ON SINGAPORE

Morgan Stanley to capture Asian wealth from Singapore hub

Asian corporates are expected to demand investment banking services over the long term amid expansion overseas

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The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York City in this Jan 20, 2015 file photo.

Singapore

MORGAN Stanley will grow its wealth management business in the region at a quicker clip than before, with plans to set up a China desk in Singapore to cater to private wealth flowing through the next economic powerhouse, said Ronald Ong, Morgan Stanley's chairman and chief