SC
Morgan Stanley to hire in Scotland and Ireland
4 April 2006
Anonymous
Morgan Stanley Fund Services, the fund administration arm of the US bank, is opening a new Dublin operation and creating an additional 300 jobs in Glasgow.
In Ireland, Morgan Stanley is currently advertising for team leaders and fund administrators to work in its new Dublin operation, which it says will focus on alternative assets.
Morgan Stanley confirmed it's opening a new office in Ireland but declined to comment further. It is not alone in selecting Ireland as a base for fund administration activities. In January Mellon Financial Corporation revealed plans to set up a new hedge fund administration unit in the country.
The Dublin Finance Industry Association aspires to double the value of funds administered in Ireland in the next five years. Last year, funds administered in the country rose 25%, to €786bn.
The new jobs in Scotland are a result of Morgan Stanley expanding its institutional securities services and private wealth management operations in Glasgow. They will include openings for financial and operational managers and analysts.
