Investment bank Morgan Stanley has opened an office in Abu Dhabi Global Market (ADGM) citing new opportunities in capital markets.
Clare Woodman, head of Morgan Stanley EMEA and CEO of Morgan Stanley & Co International plc, said: “There are exciting times ahead for the MENA region and as capital markets activity continues to grow and diversify it brings new and rewarding opportunities for both regional and global investors.”
The ADGM office will be the bank’s fourth in the region in addition to those in Dubai, Riyadh and Qatar.
Impact on Regional and Global Investors
The expansion of Morgan Stanley into Abu Dhabi is poised to have a significant impact on both regional and global investors. For regional investors, the presence of a global banking giant offers access to a broader range of investment products and services, potentially leading to more diversified portfolios.
Global investors, on the other hand, stand to benefit from Morgan Stanley’s deepened footprint in the MENA region, providing them with insider access to some of the fastest-growing markets in the world. This move is a clear indicator of the growing importance of the MENA region on the world economic stage and the increasing integration of its markets into the global financial system.
