Morgan Stanley is opening an office in Abu Dhabi, adding to its regional presence and joining a string of other global investment banks that have set up offices in the United Arab Emirates (UAE) capital. "There are exciting times ahead for the MENA (Middle East and North Africa) region and as capital markets activity continues to grow and diversify it brings new and rewarding opportunities for both regional and global investors," Clare Woodman, head of Morgan Stanley EMEA and CEO of Morgan Stanley & Co International, said in a statement on Thursday. Global banks are increasing their presence in oil-rich Abu Dhabi to service an increasingly diverse investor pool of wealthy clients, hedge funds and alternatives that are being drawn to the capital, which is home to three sovereign wealth funds.
Since spot bitcoin ETFs went live in January, chatter has increased about the imminent arrival of the big registered investment advisor (RIA) networks and broker-dealer platforms.
(Bloomberg) -- Morgan Stanley has hired four public finance bankers from Citigroup Inc.’s long-vaunted municipal-bond unit that is being shuttered, according to a person familiar with the matter who declined to be identified because the matter is not yet public.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldTrump Eyes $4 Billion Stock Windfall as His Legal Bills Pile UpFlawed Valuations Threat