Morgan Stanley opens prime brokerage in Singapore
The ongoing influx of service providers is a response to the volume of hedge funds opening and migrating to the Lion City.
Morgan Stanley is opening a prime brokerage office in Singapore to complement its existing Asian offices in Hong Kong, Tokyo and Sydney. The four-strong team membersÆ names will be announced shortly.
There is a trend of prime brokerages and hedge fund administrators opening up shop in Singapore. They are responding to a growth in Singaporean hedge fund operations that has proliferated in recent years. Citigroup has recently established a presence there, opening an office last month. Credit Suisse and UBS...
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