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Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team – Finance
Global investment bank Morgan Stanley is launching a new cryptocurrency research team. “The launch of dedicated crypto research is a recognition of the growing importance of cryptocurrencies and other digital assets in global markets,” the bank said. Morgan Stanley Sets Up New Research Team Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported on Monday, citing the bank's internal memo to employees it has seen. Led by Sheena Shah, the firm's senior cryptocurrency analyst, the team will examine the impact of cryptocurrencies on stocks and fixed income securities worldwide. Shah will be based in London,...
Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team – Finance
Global investment bank Morgan Stanley is launching a new cryptocurrency research team. “The launch of dedicated crypto research is a recognition of the growing importance of cryptocurrencies and other digital assets in global markets,” the bank said.
Morgan Stanley sets up new research team
Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported on Monday, citing the bank's internal memo to employees it has seen.
Led by Sheena Shah, the firm's senior cryptocurrency analyst, the team will examine the impact of cryptocurrencies on stocks and fixed income securities worldwide.
Shah will be based in London, where she will report to Adam Wood, who leads Morgan Stanley's fintech and payments research team in Europe. She will also report to James Faucette, who leads the company's fintech and payments research team in the US
The note says:
The launch of dedicated crypto research is a recognition of the growing importance of cryptocurrencies and other digital assets in global markets.
Morgan Stanley was one of the first major investment banks to adopt cryptocurrencies. In March, the company launched three Bitcoin funds available to its customers. In April the company added Bitcoin on the investment strategies of 12 investment funds.
Several other major financial institutions have also set up dedicated cryptocurrency teams, including Bank of America (BOFA), which formed a crypto research team in July. Last week, asset management firm Franklin Templeton posted a job posting for a cryptocurrency “investment research analyst.”
A growing number of investment banks have begun or are in the process of offering cryptocurrency services to their clients. They include Goldman Sachs, Group of cities, Standard Chartered, Wells Fargo, and DBS.
What do you think about Morgan Stanley launching a dedicated crypto research team? Let us know in the comments section below.
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