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Morgan Stanley opens new Southeast Asia headquarters in Singapore
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Morgan Stanley opens new Southeast Asia headquarters in Singapore
Nov 21, 2024 9:17 PM

SINGAPORE, Nov 22 (Reuters) - Morgan Stanley ( MS ) said

it opened its new Southeast Asia headquarters in Singapore's

swanky downtown business district this week.

An expanding list of global investors and financial

institutions have flocked to Singapore, lured by low taxes,

political stability and the city-state's location as a gateway

to Southeast Asian markets.

"We are excited to open our new Southeast Asia headquarters,

an investment that reflects our commitment to Singapore and the

wider region where we see significant long-term growth

opportunities," Morgan Stanley ( MS ) chief executive officer Ted Pick

said in a statement dated Nov. 20.

The bank said its new offices will be spread across five

floors and 9,941 square metres (107,000 square feet).

Morgan Stanley ( MS ) has been a prominent player in Singapore

since 1990 with the financial hub serving as its Southeast Asia

headquarters, according to the statement.

It also has offices in Jakarta, Bangkok and Manila.

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