MANILA — President Benigno S. Aquino III received a group of business executives to discuss the emerging economic situation and the possible investments in the country that could provide more economic opportunities for the Filipinos and uplift their standards of living as envisioned by his administration.
Morgan Stanley’s New York Global Emerging Markets head Ruchir Sharma met with President Aquino during a recent courtesy call in the Music Room of the Malacanang Palace.
Sharma was accompanied by Munib Madni, managing director of Morgan Stanley Investment Singapore, and Noel Bautista, chairman of Deutshe Regis Partners Inc.
Also in attendance were Finance Secretary Cesar Purisima, Presidential Communications Development and Strategic Planning Office Secretary Ramon Carandang and Trade and Industry Undersecretary Cristino Panlilio.
Sharma joined Morgan Stanley in 1996 and has 18 years of investment experience.
Before he joined the firm, he worked with Prime Securities (Delhi), a non-banking financial services firm, where he helped run the foreign exchange business. He has been a contributing editor for Newsweek and has written for publications such as the The Wall Street Journal, Financial Times and The Economic Times.
Asked later about his meeting with Sharma, the President said the US-based financial services provider was impressed by the rate of the country’s economic growth and its potentials.
Sharma sees the rate of changes as very encouraging for Morgan Stanley to consider having investments in the country. He was also particular about government plans, its legacy, directions, and infrastructures.
Morgan Stanley, an American multinational financial services provider, has pioneered the global expansion of finance and capital markets, and in providing new opportunities for individual and institutional investors. The New York-based financial services provider was founded in 1935.
Singapore is Morgan Stanley’s hub in Southeast Asia, as it also maintains offices in Bangkok, Thailand and Labuan, Malaysia.
Its Singapore office offers investment banking (capital raising, M&A and other advisory services), equity and fixed income research, securities trading, derivatives, commodities, private wealth management and investment management.