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The company's Shanghai branch will begin offering renminbi (RMB) foreign exchange (FX) and money market services from April 2011.
You can't have instability in the region and expect investors to put large sums of money into the economy," said analyst Mr George Glynos, of Standard & Poors Money Market Services.
Discussions with a number of prominent Fed officials and Wall Street economists suggest that Money Market Services expectations are obtained from many ex-Fed staffers who to a greater or lesser degree were responsible for or associated with projecting the money supply while at the Fed.
Chorek was formerly Director of Currency Research at Elliott Wave International, and he also served as technical analyst at Money Market Services, where he was recognized for his market timing within the institutional forex universe.