morgan-stanley-opens-prime-brokerage-in-singapore

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 expanded their presence to Singapore last year, while Barclays Capital centres its regional prime broking in the Lion City.

Some of this growth is at the expense of Hong Kong hedge fund managers gravitating to...
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