NEW YORK, Sept 10 (Reuters) - Morgan Stanley ( MS ) expects

activity for mergers, acquisitions and initial public offerings

to remain below trends for the rest of the year, its

co-president Dan Simkowitz said on Tuesday.

Activity will probably pick up next year as central banks

cut interest rates, said Simkowitz, who also leads the Wall

Street giant's Institutional Securities Group.

(Reporting by Tatiana Bautzer in New York and Arasu Kannagi

Basil in Bengaluru, editing by Lananh Nguyen

)