Morgan Stanley Launches Enhanced Protection for Hedge Fund and Prime Brokerage Clients

Morgan Stanley is offering enhanced asset protection to its prime brokerage clients, announcing an expansion of its prime brokerage offering with the launch of new custodial services for long securities held by Prime Brokerage clients.

The custodial services will be provided directly by Morgan Stanley Trust National Association (MSTNA), a U.S national chartered trust company. MSTNA gives clients the option to hold their long securities with a Morgan Stanley subsidiary that is independent from Morgan Stanley’s U.S. and U.K. broker dealers.

“Recent market events have increased the demand for solutions that mitigate counter-party risk for hedge funds,” said Rich Portogallo, Head of Institutional Clients and Services at Morgan Stanley. “The launch of new custodial services from MSTNA underscores Morgan Stanley’s commitment to providing hedge fund managers and investors with alternative asset protection solutions in addition to our best in class financing services and technology.”

“We are excited to offer this new asset-protection platform to our clients,” said Joe Davis, Managing Director in Morgan Stanley Prime Brokerage and President of the custody business of MSTNA. “We have created a platform that provides a seamless client experience across Prime Brokerage’s and MSTNA’s systems, and offers fully automated transfers, aggregated reporting and a single client service point of contact.”

Go to Source

Related posts:

  1. BTIG Launches Fixed Income Prime Brokerage
  2. Ex Morgan Stanley Launches Georgia Hedge Fund Advisory Company
  3. Hedge Funds Team Up To Provide Investor Access To Prime Brokerage Platform
  4. Prime Brokerage Services Division Launch For Hedge Funds and Investment Advisers
  5. New Model For Hedge Fund Prime Brokerage?

Leave a Reply

 
Special Offers
Blogroll

Categories
Pages
Tags