Morgan Stanley Starts up FX Sales Desk in Singapore
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U.S. investment bank Morgan Stanley has established a forex exchange sales business in Singapore, following the example of a number of its major rivals (FX Week, October 31). To run the operation, the bank has appointed vice presidents Philip Whang and Mark McDivitt, who have been transferred from Morgan Stanley's Hong Kong and Tokyo offices respectively.
The two vice presidents have already started selling forex products to institutional clients in Singapore, Malaysia, Thailand, Indonesia
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