Morgan Stanley Bank

As of the beginning of 2019 the main areas of work of Morgan Stanley Bank LLC (Morgan Stanley Bank) were conversion transactions, transactions in money market, transaction with securities and the derivative financial instruments, providing investment financial services to clients (merges and absorption, initial public offering, etc.).

History

2020

Liquidation of bank in Russia

In May, 2020 Morgan Stanley - one of the largest financial groups of the USA with assets of 900 billion dollars - became the first American bank which completely liquidates full-fledged representation in the Russian Federation.

The group submitted the annulment petition of a license for banking operations to the Central Bank of the Russian Federation and made the decision on voluntary liquidation of bank.

Independent delivery of the license of the prof participant of the securities market

On April 29, 2020 the Central Bank of the Russian Federation cancelled  the license of the professional participant of security market at Morgan Stanley Bank LLC (the Russian representative office of Morgan Stanley bank). The company voluntarily handed over licenses for  implementation of broker, dealer and  depository activity.

The Board of Directors of Morgan Stanley Bank at the end of March, 2020 made the decision on  failure from  implementation of professional activity in  security market.  On April 13 the bank transferred in the Central Bank of the Russian Federation  of the plea of nullity of licenses.

Morgan Stanley handed over the license of the prof participant of the securities market in Russia

Earlier the Morgan Stanley bank made the decision to transfer currency, trading and  operations on  the stock trading from  Moscow to  the London office.

Morgan Stanley Bank LLC had a license implementation of banking activity, the license of the professional participant of security market for  dealer, broker and  depository activity since 2005. And from the 2008th the bank had a perpetual broker license and also perpetual licenses on  dealer and  depository activity.

Conversion transactions, transactions in money market, transaction with securities and the derivative financial instruments, providing investment financial services to clients (merges and absorption, initial public offering, etc.) were the main areas of work of bank.

It is expected that after the termination of banking and broker activity of Russia Morgan Stanley will transfer the remained business to the new company which is not falling under requirements about licensing: she will render consulting services in the field of investments and the real estate.

Rayr Simonyan, is a lot of years Morgan Stanley directing the Russian business, in a conversation with Vedomosti explained withdrawal of the company from the Russian Federation with problems which all foreign investment banks faced.

Because sanctions remain, there is practically no opportunity to perform some transactions in the capital market or in the market of merges and absorption therefore banks just adapt to conditions — he said.[1]

2019: The plan of the termination of banking activity in Russia

On May 7, 2019 it became known that the American financial conglomerate Morgan Stanley intends to submit in the first quarter 2020 to the Bank of Russia the application for the termination of banking activity in Russia. It is stated in the report of the Russian division of group.

The bank called the decision on restructuring proved and designed to provide maximum efficiency of business in a situation which is connected with decrease of the activity of clients because of a number of factors, including sanctions^[2].

2008: Perpetual broker license

In 2008 Morgan Stanley Bank LLC obtained the perpetual broker license and also perpetual licenses on dealer and depository activity.

2005: License for banking activity

In 2005 Morgan Stanley Bank LLC obtained the license for implementation of banking activity, the license of the professional participant of security market for dealer, broker and depository activity.

1994: Opening of representation in Russia

Morgan Stanley opened representation in Russia in 1994.

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