PARIS, May 12 (Reuters) - Morgan Stanley ( MS ) will
open a new European office in Paris that will create 100 more
jobs, French Finance Minister Bruno Le Maire said on Sunday, as
Paris aims to burnish its credentials as a major European
finance centre.
The closely watched Z/Yen survey of global financial
centres, published in March, put New York as the world's top
financial hub with London in second place. It also ranked
Frankfurt above Paris.
But Le Maire told reporters that the new jobs from the U.S.
bank, and from First Abu Dhabi Bank and Nigeria's
Zenith Bank highlighted Paris' role as a leading
financial hub within Europe.
Morgan Stanley ( MS ) had said last year that it planned to
increase its overall Paris headcount to 500 by 2025. First Abu
Dhabi Bank already has an office in Paris while Zenith Bank had
previously signed a deal with France to set up a subsidiary in
the country this year.
"The fact that we now have the United Arab Emirates and
Nigeria, which are putting their financial institutions in
Paris, is an excellent sign in terms of the financial
attractions of Paris and our capacity to be the biggest
financial centre in Europe," Le Maire said.
The announcement of Morgan Stanley's ( MS ) "European campus" in
Paris comes as President Emmanuel Macron prepares to launch the
annual 'Choose France' summit, designed to woo big businesses
and foreign investors to France.
As part of this event, Le Maire is due to host meetings on
Monday with top executives including JP Morgan CEO Jamie
Dimon, Goldman Sachs ( GS ) CEO David Solomon, Morgan Stanley ( MS )
CEO Ted Pick and Bank of America ( BAC ) CEO Brian Moynihan.
Le Maire is also due to meet Christophe Fouquet, the French
head of Dutch semiconductor chipmaker ASML.