Anglo American Selects Morgan Stanley as Corporate Broker -FT
05 August 2014 - 3:41AM
Dow Jones News
U.K. mining company Anglo American PLC (AAL.LN) has ended its
14-year corporate broking relationship with UBS AG (UBS), replacing
it with Morgan Stanley (MS) and retaining Goldman Sachs Group Inc.
(GS) as corporate broker, The Financial Times reported Monday,
citing an Anglo American spokesman who confirmed the news.
UBS had been netting about a third of the fee pool, while
Goldman Sachs had received about a quarter, the FT said.
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