MUMBAI/BENGALURU, April 15, 2015 – Morgan Stanley today announced the inauguration of its new office in Bengaluru, India, located in the RMZ Ecoworld Building at the Outer Ring Road. The new center provides support services to the Firm’s business units across geographies, complementing the growth of the Firm’s other support centers in India based in Mumbai.
“Our focus is to tap into unique pockets of expertise and talent around the world to provide support to our global businesses,” said Jim Rosenthal, Morgan Stanley’s New York-based Chief Operating Officer, who officiated at today’s inauguration in Bengaluru.
“Within this global strategy, India is an increasing priority market given the quality and size of the talent pool here,” added Mr. Rosenthal. “Bengaluru in particular has large numbers of highly talented graduates, is an established and vibrant finance and technology center, and a hub for experienced professionals across a range of relevant industries.”
Currently with over 500 staff in Bengaluru, the Firm has leased 184,000 square feet and is able to support a capacity of 1,400 staff, with a current focus on attracting a diverse workforce to support its Technology and Fund Services divisions.
The Bengaluru office will complement the 2,400 staff the Firm currently has in its Mumbai location providing Technology, Operations, Finance, Fund Services, Compliance and other specialized functions. Morgan Stanley’s India business units are also based in Mumbai.
“India continues to be an important market for Morgan Stanley across our growing internal functions and our client-facing businesses based out of Mumbai. The Firm has been active in India since 1993, with leading positions in investment banking, capital markets, research and sales & trading services, in addition to our infrastructure, real estate and private equity businesses,” said Aisha De Sequeira, Co-Country Head and Head of Investment Banking for Morgan Stanley in India.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. With offices in more than 43 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.