A bank's return to risk

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A bank's return to risk

Morgan Stanley's fortunes in 2006 were distinctly mixed. The US investment bank lost key personnel and slid down the league tables, but it enjoyed a banner year for revenues. The returning CEO John Mack wants to take bigger and longer-term risks. In Asia that task falls to Hans Schuettler, who must also restore its prestige as a bookrunner. Elliot Wilson reports.

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