Morgan Stanley gains Korean banking license

US investment bank expands Korean operations.

Morgan Stanley has opened a branch office of Morgan Stanley Bank International in Seoul. The new office, which was opened late last week, cements a 13-year history in the country.

In addition to the bank's existing investment banking and private equity businesses, the new license will allow it to offer a wider variety of products including foreign exchange, loans, deposits and financial derivatives.

Acting President Zoe Cruz, who attended the opening commented, Korea is a key strategic priority for us. Our expanded platform embodies the firm's confidence in the growth of the Korean financial markets and the opportunities that lie ahead. We seek to bring our global...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222