Wednesday, 17 October 2012

Qatar mulls Morgan Stanley's Commodities Business

Qatari Prime Minister Sheikh Hamad bin Jassim Al Thani (Prime Minister since April 2007) is contemplating a potential stake in Morgan Stanley's Commodities Business, which could benefit both parties in terms of information sharing.The business is run by Colin Bryce (who started his career at the British National Oil Corporation, bought by BP in 1988) and Simon Greenshields (who has specialized in gas and power).

Qatar Holding LLC is an investment arm of the QIA, which has an interest in investing in commodities (which owned 12% of Xstrata, run by CEO Mick Davis, as of end August 2012). Mick honed his financial and board-leading skills as CFO of Billiton PLC.

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