Morgan Stanley Holds Inaugural Asia CTO Innovation Summit in Bengaluru, India

Collaboration with India’s vibrant tech start-up community to drive product innovation across a variety of growing and emerging technology areas

Mumbai —

Morgan Stanley (NYSE: MS) today announced Aspiring Minds, a company that specialises in talent assessment for corporates, as the winner of the Firm’s inaugural CTO Innovation Summit India, held yesterday at its Bengaluru Global Inhouse Centre (GIC).

Focused on collaboration and innovation, the invitation-only event provided some of India’s emerging technology and fintech companies the opportunity for direct dialogue and discussions with top technology and business executives from Morgan Stanley. The goal was to jointly explore innovative technology solutions that have the potential to deliver new client and business opportunities. The event is organized by the Firm’s Technology Business Development team, which is tasked with scouting new technology partners and vendors to deliver on Morgan Stanley’s technology strategy.

“The idea behind the CTO Innovation Summit India is to engage with new partners to explore innovative ways to solve complex challenges, while helping start-ups break into the enterprise world and develop solutions at scale,” noted Bobby Gilja, Managing Director and Chief Information Officer, Corporate & Funding Technology, Morgan Stanley, in his introductory remarks at the event. “For the last 18 years Morgan Stanley has been successful in bringing together promising start-ups with our top technologists and business leaders to drive innovation. We want to leverage the synergies between our business and the start-up ecosystems wherever they may be.”

“With its high concentration of young, dynamic, innovative and relevant tech start-ups, India was always going to be an exciting venue for our first CTO Innovation Summit in Asia,” said Chakra Mantena, Managing Director and Head of Technology for Morgan Stanley in India. “For the India tech start-up ecosystem to thrive there is a need for more partnership from enterprises. Morgan Stanley is organizing this event to help start-ups enterprise enable their offerings."

The CTO Innovation Summit India saw 16 of the country’s leading enterprise technology and fintech companies showcase solutions that cover the breadth of Morgan Stanley’s innovation priority areas including cloud computing, cybersecurity, big data and analytics, artificial intelligence, machine learning and automation. The day saw participants in discussion with senior technology leaders from Morgan Stanley which allowed them to gain feedback and guidance on how their product portfolio and road map may resonate with financial services organisations.

About Morgan Stanley’s Bengaluru Technology Centre

Morgan Stanley’s Technology Centre in Bengaluru, within the Morgan Stanley GIC in India, was established in 2014 and has since grown to become one of the Firm’s largest technology hubs, employing more than 1,600 technologists. Development and support work at the Centre, which employs a world class, diverse workforce, plays a key role in supporting the Firm’s leading technology platforms, including cloud engineering, cyber security, artificial intelligence and machine learning, as well as digital technologies.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services.  With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals.  For more information about Morgan Stanley, please visit www.morganstanley.com.

About Aspiring Minds

Aspiring Minds is a global leader in job skills assessments and credentialing and envisions a merit-driven talent ecosystem enabled by efficient job skills matching and reliable and intelligent assessments. Powered by machine learning, AI, psychometry and statistics, these state-of-the-art assessment tools are used by companies across a wide variety of industries to help recruit the right people, develop requisite skills benchmarks, and to assess workforce health.

Media Relations Contact: Nikita S Mascarenhas, +91 9819 346 920

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