Morgan Stanley Plans Singapore Prime Brokerage

Feb 5 2007 | 12:28pm ET

Morgan Stanley—the largest prime broker to Singaporean clients—is opening a prime brokerage office in the island city-state, it said today.

 “With the growth evident in both Singapore-based start-up hedge funds, as well as with players entering the market from other countries, client proximity and on-the-ground support is clearly the right next step,” Kurt Baker, the firm’s head of Asian prime brokerage, said in a statement.

Morgan Stanley’s prime brokerage already has offices in Tokyo, Sydney and Hong Kong, the latter of which formerly handled Singapore-based business. The new office will feature four members focusing on client services.


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