MUMBAI, May 31, 2010 - Morgan Stanley (NYSE: MS) today announced that it has signed a lease commitment and will relocate its India headquarters to One Indiabulls Centre in Lower Parel, Mumbai. The move, which will bring the majority of the Firm's businesses into one location, reflects Morgan Stanley's growth and continued commitment to India. The relocation will take place in late 2010 and early 2011.
The Firm said that it is pleased to be moving its India headquarters to a building that will provide a world-class working environment that truly reflects the brand and the quality of its people. Morgan Stanley has been active in India for over 17 years and the new headquarters will provide clients with a heightened experience of the Firm, its services and products.
A 20-storey structure, One Indiabulls Centre is strategically located in Central Mumbai with convenient access to the business districts of Nariman Point and Bandra Kurla Complex. Morgan Stanley has signed a lease to take space across two floors of One Indiabulls Centre. The facilities will include a cafeteria, a dedicated lobby reception, videoconference rooms, and world-class workstations and offices.
Currently, Morgan Stanley's business units in Mumbai are based in a number of locations across Mumbai, including Nariman Point, Fort, Lower Parel and Santacruz. Morgan Stanley Advantage Services will continue to be based in Athena (Malad), as well as Nirlon Knowledge Park Goregaon, where it expanded in February 2010. The Firm said that it is committed to the growth and further expansion of its business knowledge centres in Mumbai.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.