The market was shocked on Friday when Morgan Stanley announced that its Asia economist, Andy Xie, had resigned. The announcement was brief and mysterious, giving no explanation of why he was going or where he was going. With Morgan StanleyÆs bonus period only two months away, it looked like a very strange time for the Shanghai-born Xie to leave the firm.
The Hong Kong rumour mill quickly began speculating as to why Xie had left. Attentions have focused on an email that Xie penned on September 18. Many copies of the email û which was about Singapore û have since been passed around by the regionÆs fund management and banking community.
The subject line of...
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