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Article: MORGAN STANLEY EYES CHINA'S HUGE FOREIGN EXCHANGE RESERVES
- Article from:
- AsiaInfo Services
- Article date:
- August 6, 2007
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AsiaInfo Services
08-06-2007
Morgan Stanley Eyes China's Huge Foreign Exchange Reserves
HONG KONG, Aug 06, 2007 (SinoCast via COMTEX) -- World's well-known investment bank Morgan Stanley announced on August 3 that it had appointed Dino Kos, former executive vice president of Federal Reserve Bank of New York, head of its central bank and sovereign wealth fund division.
Dino Kos will hence live in Hong Kong.
The division will mainly commit itself to provide service for Asia's countries' foreign exchange reserve investment. China, whose foreign exchange reserves have surpassed CNY 130 million, will be a key customer the company.
Dino Kos will report his work to Blair Pickerell, head of Asian ...