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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

Morgan Stanley is not like the Swiss banks and it needs to differentiate itself from them to attract Asia's millionaires, says Mr Chui


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,

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