HKMA grants license to Bank Morgan Stanley

Addition of the lender ups the restricted-licence banks in Hong Kong to 20.

The Monetary Authority has granted a restricted banking licence to Bank Morgan Stanley AG.

Incorporated in Switzerland, Bank Morgan Stanley is a wholly-owned banking subsidiary of Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup.

According to the July 2010 issue of The Banker, Morgan Stanley and Citigroup are the sixth and third largest banking groups in the US in terms of Tier-1 capital.

The number of restricted-licence banks in Hong Kong is now 20.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!