Morgan Stanley bolsters China commodities business
Morgan Stanley has made a senior appointment in mainland China and received permission to trade agricultural products onshore in the country as part of the US investment bank’s efforts to grow its commodity business in the world’s second largest economy.
Morgan Stanley has relocated Kevin O'Reilly to Shanghai from New York to head its China commodities business onshore. O'Reilly will report to Harry Soh, Morgan Stanley's Asia head of commodities, who is based in Singapore.
O'Reilly's appointment comes after the US investment bank received permission from the Chinese authorities to trade physical agricultural products to supplement its existing base metals business in China. The bank trades other commodities with Chinese entities offshore
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