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Morgan Stanley establishes new function to drive more ‘one bank’ collaboration

Morgan Stanley has internally announced the establishment of a ‘strategic advisory solutions’ (SAS) function, in a bid to further drive collaboration between its private wealth management and investment banking arms. The bank has appointed Mille Cheng, who was recently named vice chairman of APAC global capital markets, to oversee the SAS unit. Cheng was previously co-head of equity capital markets…

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