At an event where success is often measured by who’s seen at a reception or speaks on a panel, the Saudis aren’t getting the cold shoulder any more. James Gorman, the head of Morgan Stanley, spoke on Thursday in a debate alongside two Saudi ministers. And the likes of Jamie Dimon of JPMorgan Chase & Co. and John Flint of HSBC Holdings Plc attended the annual Davos party thrown by Saudi oil giant Aramco, according to a person present.
“I don’t think Saudi Arabia is in the penalty box,” Gorman said in an interview with Bloomberg TV. Khashoggi’s murder “was utterly unacceptable and the world including the Saudis want to understand exactly what happened. In the meantime, Saudi is a country of 32 million people. These folks deserve a shot,” he said.