Morgan Stanley opened its first office in Budapest in 2006, but has partnered with Hungarian Institutional organizations since 1993.
In early 2006, Morgan Stanley established the Mathematical Modeling Centre in Budapest to provide quantitative analysis to support the Firm's global fixed income trading business. The decision to locate the centre in Budapest was based on the outstanding mathematical traditions in Hungary and the availability of high-quality talent.
In July 2006, Morgan Stanley furthered its presence in the region by opening the Business Services and Technology Centre in Budapest to support its global business activities in North America, Europe and Asia. The office is located on the Danube in the new state-of-the-art Millennium City Centre and provides support across a variety of services including Information Technology, Financial Control, Operations, Credit Risk and Documentation.