Published: May 5, 2010
Financial giant announces Warsaw branch to serve Eastern Europe.
One of the world’s largest financial services firms is to take advantage of Poland’s strong economy by opening an investment banking office in Warsaw.
Morgan Stanley plans to establish its presence in the country by the end of the year, once regulatory approvals have been granted. The move will enable the firm to offer its clients in Poland and the surrounding region easier access to international capital markets and corporate advisory services.
The Warsaw office will be headed by Marcin Socha, an executive director with responsibility for Morgan Stanley's investment banking business in Poland.
In a separate move, the firm will become a member of the Warsaw Stock Exchange to help its clients’ access Polish securities.
“Warsaw is fast establishing itself as a leading financial centre in Central and Eastern Europe,” said Franck Petitgas, Morgan Stanley’s global co-head of investment banking. “The strong economic fundamentals of Poland, which was the only major European country to avoid recession last year, is a compelling achievement and underlines our commitment to this important market.”
Morgan Stanley provides investment banking, securities and investment management services for corporates, governments, institutions and individuals from more than 1,300 offices in 42 countries.