Business Moves

Morgan Stanley gets merchant bank status in India

By Anette Jönsson | 11 October 2007
Keywords: morgan stanley | investment banking | appointments

Subscriber Content Preview.
.

The bank receives the okay to resume domestic advisory and underwriting services following the dissolution of its joint venture. It also makes two senior appointments.

Morgan Stanley has received an Indian merchant banking licence that will allow it to resume onshore investment banking advisory and underwriting services in this fast-growing country where companies are in constant need of capital to finance their expansions, according to a release issued yesterday.

The bank’s wholly owned securities company, Morgan Stanley India, had to apply for a new license as it previously conducted these businesses through its joint venture with JM Financial Group, which was dissolved in February this year.

In connection with the licence announcemen...

To continue reading this article, .

You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to FinanceAsia.com's quickly growing 13,000 article database.

Username:

Password:

Remember me | Forgot your password?

Goldman Sachs fixed-income sales could see exodus to UBS

UBS is in the midst of trying to hire a team of up to 12 fixed-income salespeople from Goldman Sachs in Korea and Hong Kong.

By Sameera Anand | 17 March 2010

India's NMDC takes beating after follow-on prices at bottom

Foreign investors contribute only 2.2% of the QIB order volume as valuations are deemed too aggressive, but the government gets $2.18 billion to plug holes in its budget.

By Anette Jönsson | 17 March 2010

Paper recycler hopes to collect $183 million from IPO

Fook Woo Group is one of six small-cap listing hopefuls to kick-off a Hong Kong IPO in the past week.

By Lillian Liu | 17 March 2010

Equities	Debt
M&A	Moves People Moves Business Moves
News & Views View Point Macro & Markets Corporate	Banking Structured Products FX Private Banking
Editor's Desk Awards Co-published Editor's Desk Polls Book Review Private Capital	Conference Highlights
CorporateTreasury Cash Trade CorporateTreasury Moves Risk