Morgan Stanley to set up Manila office

Global financial services firm, Morgan Stanley, has disclosed its plan to set up an office in the Philippines during a meeting with President Ferdinand Marcos Jr., according to the statement issued by Secretary Cheloy Velicaria-Garafil.

Morgan Stanley Chairman for Asia Pacific Gokul Laroia met with President Marcos on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland.

"Laroia informed President Marcos that the top global investment bank would set up an office in Manila, promising to back the government’s development initiatives," said Velicaria-Garafil in the statement.

Morgan Stanley is an American multinational investment management and financial services company headquartered in Midtown Manhattan, New York City.

“We’re excited to be a part of it, and we’re spending time there, we’re opening an office there, we’re trying to work with-- both the government but also the private sector. And we will be supporters and we will continue to be,” Laroia was quoted as saying. -- BAP, GMA Integrated News