American holding company Morgan Stanley was appointed to the post of the head of Department to work with the markets of digital assets Saw Andrew, who was Vice President of sales and innovation in the Swiss Bank Credit Suisse. It is reported by the Finance Magnates.

Andrew Peel has 12 years of experience in the field of trading. The last five years at Credit Suisse, he served as an expert on trade cryptocurrencies. In addition, since 2013, Andrew Drank bills itself as a “defender of cryptocurrency”.

Note, Morgan Stanley has not yet announced the introduction of new services in the field of cryptocurrency. However, in the past year, analysts of the Bank holding company published a report on the potential benefits of digital assets for the financial industry.

However, in March, the Bank’s experts drew Parallels between the rise of bitcoin and the boom of the “dot-com”. According to their report, at present, the movement of the exchange rate of bitcoin is virtually identical to the Nasdaq Composite Index prior to and after 2000, but 15 times faster.