Morgan Stanley is opening an office in Abu Dhabi, adding to its regional presence and joining a string of other global investment banks that have set up offices in the United Arab Emirates (UAE) capital. "There are exciting times ahead for the MENA (Middle East and North Africa) region and as capital markets activity continues to grow and diversify it brings new and rewarding opportunities for both regional and global investors," Clare Woodman, head of Morgan Stanley EMEA and CEO of Morgan Stanley & Co International, said in a statement on Thursday. Global banks are increasing their presence in oil-rich Abu Dhabi to service an increasingly diverse investor pool of wealthy clients, hedge funds and alternatives that are being drawn to the capital, which is home to three sovereign wealth funds.
Morgan Stanley expects deal flow to continue as Mena economies maintain momentum
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Morgan Stanley opens Abu Dhabi office, expanding Gulf presence By Reuters
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