Global Investment Bank Morgan Stanley founded Dedicated Research Team for Cryptocurrencies - Finance
Global Investment Bank Morgan Stanley founded Dedicated Research Team for Cryptocurrencies - Finance
The global investment bank Morgan Stanley founds a new research team for cryptocurrencies. "The start of a dedicated crypto research is a recognition of the growing importance of cryptocurrencies and other digital assets in the global markets," said the bank.
Morgan Stanley set up new research team
Morgan Stanley founds a committed research team for cryptocurrencies, Bloomberg reported on Monday, citing the bank's internal memo to the employees that it has seen.
under the direction of Sheena Shah, the company's leading cryptocurrency analyst, the team will examine the effects of cryptocurrencies on shares and fixed -income securities worldwide.
Shah will be based in London, where she reports to Adam Wood, who heads Morgan Stanley's fintech and payment research team in Europe. She will also report to James Faucette, who heads the company's Fintech and Payment Research team in the USA
In the note:
The introduction of dedicated crypto research is an recognition of the growing importance of cryptocurrencies and other digital assets in the global markets.
Morgan Stanley was one of the first major investment banks to introduce cryptocurrencies. In March, the company made three Bitcoin funds available to its customers. In April the company added Bitcoin to the investment strategies of 12 investment funds.
Several other large financial institutions have also set up dedicated cryptocurrency teams, including Bank of America (Bofa) (Bofa) Has formed crypto research team. Last week the asset management company Franklin Templeton published a job advertisement for an "investment research analyst" for cryptocurrency.
A growing number of investment banks has started to offer their customers cryptocurrency services or is to offer them. They contain Goldman Sachs , city group , Standard chartered , Wells Fargo , and dbs .
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