Morgan Stanley bets on Asia

Asia becomes interesting for Morgan Stanley

In brief: Morgan Stanley is preparing to capture the Asian market in the next three years. Canada returnes to the normal business on the real estate market.

U.S. bank Morgan Stanley is planning for the next three years, double the number of staff in the Asian private banking unit under the program to increase revenues from this trend in the global market.

As the head of the Asian division, Charles Mack, the bank plans to hire about 100 employees in the region. Meanwhile, in Canada restored the construction sector. In April, building permits in Canada rose by 5,4% compared with an increase of 12,2% in March, and it is expected that the rate decreased by 2%.

Ukrainian Globalist
2010-06-05 17:59, Economics.

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