Wednesday, 29 June 2016
Last updated 3 min ago
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.