Morgan Stanley’s businesses across Southeast Asia have grown steadily and it remains positive on the outlook for the region, a spokesman for the firm said in response to queries from Bloomberg News. He confirmed the plan to lease five floors at the new development from late next year, with the location to serve as the bank’s headquarters for Southeast Asia.
Morgan Stanley plans to move to a new office in Singapore, seeking a bigger space in the city-state’s financial district to accommodate its expansion.
The US firm is in advanced discussions for five floors at the upcoming IOI Central Boulevard Towers, which will give it certain signage rights, according to people familiar with the matter. The space, which will be able to house about 1,000 people, will cater to Morgan Stanley’s growing number of Singapore staff, the people said, asking not to be named as the information is private.
