Morgan Stanley opens prime brokerage in Singapore

Morgan Stanley is opening a prime brokerage office in Singapore to complement its existing Asian offices in Hong Kong, Tokyo and Sydney. The four-strong team membersÆ names will be announced shortly.There is a trend of prime brokerages and hedge fund administrators opening up shop in Singapore. They are responding to a growth in Singaporean hedge fund operations that has proliferated in recent years. Citigroup has recently established a presence there, opening an office last month. Cr…