Since opening its first office in Seoul in 1992, Morgan Stanley has provided a full range of products and services to local and international clients, including M&A and restructuring advisory and capital raising, institutional equity and fixed income sales and trading, research, private-equity and real-estate investing, advisory services and asset management. The opening of the Seoul branch of Morgan Stanley Bank International in 2005 - the firm's first international foray as a bank into Asia - significantly expanded the range of its offering.