Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Morgan Stanley to open new global in-house centre in Bangalore

Dec 27 2013, 08:33 IST
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SummaryCentre will carry out functions across technology and data, fund services, finance and other specialised work.

Global financial services firm Morgan Stanley on Thursday said that it will open a new global in-house centre (GIC) next year in Bangalore.

The centre will carry out functions across technology and data, operations, fund services, finance and other specialised work that complement the company's GICs in Mumbai, it said.

Bill Strong, Morgan Stanley’s co-CEO Asia Pacific, said, “We have reviewed global options for building a new GIC that can provide a critical mass of employees to support our global functions and see value-add in expanding our teams in India.”

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