Singapore (Reuters) Morgan Stanley (NYSE: ) said it opened its new Southeast Asia headquarters this week in Singapore’s extraordinary downtown business district.
A growing 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,” Ted Pick, chief executive officer of Morgan Stanley, said in a statement on November 20. is where we see significant long-term growth opportunities.” .
The bank said its new offices will be spread over five floors and 9,941 square meters (107,000 square feet).
Morgan Stanley has been a prominent player in Singapore since 1990, with the financial center serving as its Southeast Asia headquarters, according to the statement.
It also has offices in Jakarta, Bangkok and Manila.
