1、M BluePaperOliver Wyman is a global leader in management consulting.For more information,visit .Oliver Wyman is not authorized or regulated by the PRA or the FCA and is not providing investment advice.Oliver Wyman authors are not research analysts and are neither FCAnor FINRA registered.Oliver Wyman

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3、e see the Disclosure Section located at the end of this reportMorgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research.As a result,investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Researc

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5、h FINRA,may not be associated persons of the member and may not be subject to FINRA restrictions on communications with a subject company,public appearances and trading securities held by a research analyst account.Global Banks&Asset ManagersDefying Gravity:Can Non-US Wholesale Banks Win in the New

6、World Order?The US has been the gravitational force in Wholesale Banking for decades,but recent geopolitical tensions threaten the balance.We explore 3 scenarios that test US dominance in a fragmenting world.Non-US banks can close the gap,but meaningful change will be required from policymakers and