Morgan Stanley may enter Singapore retail funds market

Competing in Singapore''s growing retail sector could provide the firm with a platform for the rest of the region.

Morgan Stanley Investment Management may enter the Singaporean retail mutual funds business in the second half of this year, says Lee Tiong-Seng, executive director and business head for Asia ex-Japan. We have a successful retail business in the United States, Europe and Japan. The time has come for Asia, he says.

The firm has always had a retail capability, but the landscape in Singapore is becoming sufficiently attractive to warrant the effort. As of July 1 the Monetary Authority of...

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