Morgan Stanley says to close Indonesian onshore equities business

Article content

HONG KONG/SINGAPORE — Morgan Stanley plans to close its Indonesian onshore institutional equities trading business, the investment bank said on Thursday in response to Reuters queries.

Morgan Stanley said in a statement that it “intends to cease its onshore broker-dealer activities in Indonesia. The firm remains committed to Indonesia and will continue to provide our global clients access to the equity market working with qualified local brokerage partners.”

Sources familiar with the decision told Reuters that the move will result in about 10 job losses. (Reporting by Scott Murdoch in Hong Kong and Anshuman Daga in Singapore; Additional reporting by Tabita Diela in Jakarta. Editing by Shri Navaratnam)

Source link


Married At First Sight’s Harrison Boon WALKS OUT after tense argument with bride Bronte Schofield

Married At First Sight's Harrison Boon WALKS OUT after tense argument...

Best eCommerce Platforms For Your Business – Updated 2022

While many eCommerce platforms are mobile-friendly, Squarespace takes more caution to ensure users get a high-quality experience on mobile devices.

Gisele Bundchen puts on a sizzling display in VERY revealing swimsuit

Gisele Bundchen set pulses racing as she posed for an extremely racy swimsuit shoot in Hollywood, Florida on Tuesday - as she returns...

How Paris Hilton went from sex tape star to Simple Life before transforming into a doting mom

Paris Hilton shocked her fans and followers on Tuesday night when she revealed that she had welcomed her first child via surrogate.The latest...

Things get heated in Love Island challenge as Olivia hints at tension with Samie

'I feel like she has an issue with me': Things get...