Morgan Stanley to set up office in PH

DAVOS- American financial services company Morgan Stanley will set up shop in the Philippines, Malacañang announced on Wednesday.

Secretary Cheloy Velicaria-Garafil announced this after President Ferdinand Marcos Jr’s  meeting with Gokul Laroia, Asia Pacific chair at Morgan Stanley, on the sidelines of the World Economic Forum’s  annual meeting here.

“Mr. Laroia informed President Marcos that the top global investment bank will set up office in Manila,” Garafil said in a statement.