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Morgan Stanley opens office in Dubai |
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3/27/2006 1:34:47 PM |
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 Morgan Stanley (NYSE: MS) today officially opened its office in the Dubai International Financial Centre (DIFC), its first office in the Middle East and North Africa region.
Located in the Gate Building in the DIFC, the new office will offer a comprehensive range of services to clients in the region, including investment banking, capital markets, sales and trading, commodities, investment management, and private wealth management.
John J. Mack, Chairman and CEO, who today officially inaugurated the new office during a week-long tour visiting clients in the region, said, 'This is an important milestone for Morgan Stanley and clear evidence of our commitment to developing our presence in the Middle East and North Africa region.
'The Middle East region is an area of key strategic focus for the Firm and establishing this office will enable us to build on our long track record by considerably enhancing the services we can offer clients in the region.'
Dr Omar Bin Sulaiman, Director General of the Dubai International Financial Centre Authority, said: 'It gives me great pleasure to welcome Morgan Stanley to the DIFC. This is a highly significant moment for us as it firmly sets us apart as the financial centre of choice. Morgan Stanley has a reputation of being a world class institution and has chosen DIFC as its first stepping stone into the Middle East. We wish them success and look forward to a long and prosperous partnership.'
Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With over 600 offices in 29 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations.
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