Stealth bankers blow cover on PCCW deal

Move over James Bond and make way for the undercover bankers of Morgan Stanley Dean Witter (MSDW). Practically undetected by key negotiators involved in Pacific Century CyberWorks’ (PCCW) takeover of Cable & Wireless HKT, it has over the last fortnight emerged that MSDW was in fact a “secret” adviser to PCCW.