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Morgan Stanley to open shop in Poland

28th April 2010
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New York-based investment bank Morgan Stanley has decided to open its first branch in Poland, joining others like Goldman Sachs, Credit Suisse and Citigroup in moving into the domestic market.

Poland is “becoming a leading financial hub in central and eastern Europe,” Franck Petitgas, the head of investment banking at Morgan Stanley, said in a statement.

The bank is planning to profit from the government drive to sell its stakes in a number of industries, including energy, insurance, chemical and phone companies.

Morgan Stanley plans to become a foreign exchange member of the Warsaw Stock Exchange.

The Warsaw office will be headed by Marcin Socha, Morgan Stanley’s executive director in Poland. (RG)

Source: Bloomberg

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