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.