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Morgan Stanley to grow private banking business in Asia

Group will leverage its investment and institutional banking business, says managing director
Thursday, November 20, 2014 - 05:50
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Morgan Stanley is not like the Swiss banks and it needs to differentiate itself from them to attract Asia's millionaires, says Mr Chui

Singapore

MORGAN Stanley, a bulge bracket Wall Street investment bank involved in some of the biggest initial public offers, isn't exactly a go-to private bank in Asia but the bank aims to change that. It was a leading player in the giant US$25 billion offering of Alibaba in September,