Stealth bankers blow cover on PCCW deal

Morgan Stanley Dean Witter has secured retrospective accreditation for advising PCCW on its takeover of C&W HKT.

Move over James Bond and make way for the undercover bankers of Morgan Stanley Dean Witter MSDW. Practically undetected by key negotiators involved in Pacific Century CyberWorks PCCW takeover of Cable Wireless HKT, it has over the last fortnight emerged that MSDW was in fact a secret adviser to PCCW. 

There was no reason to make our involvement public before now, says Harry Van Dyke, head of Asian MA at MSDW. Thomson Financial, which keeps abreast of advisory roles in the global MA arena, says MSDW claimed involvement as an adviser to PCCW in April, but PCCW didnt confirm this was the case until...

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