Morgan Stanley to Open a Bank in Russia

Author: Dimitry Paranyushkin (on 07 Aug 2009)

News
and photos from the Moscow
News (01/06/2004)



International
financial major Morgan Stanley plans to apply for Russian
general banking license and for a license to participate
in the professional securities market. This information was
disclosed in an official company statement following a publication
in the Vedomosti business daily which reported that Morgan
Stanley plans to open a subsidiary bank in Russia.



Morgan Stanley opened its representative office in Russia
in 1994. In 1998 the company moved its analytical unit to
London, but continued to trade in Russian Eurobonds and ADRs
from London and New York. Now the bank wants to actively
participate in trading Russian securities, state and corporate
bonds and “to take up a leading position on Russia’s
domestic securities market”, Rair Simonyan, president
of Morgan Stanley Russia told the newspaper. The bank’s
official also said that it is hoped the subsidiary bank will
start operating within a year or a year and a half.



 


 

Comments, Questions, Feedback?

If you have a question, please, post it in Way to Russia forum or tweet @waytorussia.

For comments and feedback about this article, use the form below.

 

 

 

Most Recent Articles:

Special Military Operation: Travel Implications

As you are well aware, Russia has started a "special military operation" in Ukraine in February 2022.

Russian Business Visa Invitation Letter Application Form

Business invitation is a name for a long-term Russian visa invitation that can be issued for 3, 6, 12, and 36 months.

Group Tourist Visa Support Application

If you aretraveling in a group (2 and more people), have the same itinerary, and will apply at the same consulateyou can apply for a group visa.