Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team – Finance Bitcoin News
Global funding financial institution Morgan Stanley is establishing a brand new cryptocurrency analysis staff. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the financial institution mentioned.
Morgan Stanley Sets Up New Research Team
Morgan Stanley is launching a devoted cryptocurrency analysis staff, Bloomberg reported Monday, citing the financial institution’s inner memo to employees it has seen.
Led by Sheena Shah, the agency’s lead cryptocurrency analyst, the staff will analysis cryptocurrencies’ impression on each equities and stuck revenue globally.
Shah will probably be primarily based in London, the place she is going to report back to Adam Wood, who leads Morgan Stanley’s fintech and funds analysis staff in Europe. She can even report back to James Faucette, who leads the agency’s fintech and funds analysis staff within the U.S.
The memo states:
The launch of devoted crypto analysis is in recognition of the rising significance of cryptocurrencies and different digital property in international markets.
Morgan Stanley was among the many first main funding banks to embrace cryptocurrency. In March, the agency made three bitcoin funds out there to its purchasers. In April, the agency added bitcoin to 12 mutual funds’ funding methods.
Several different main monetary establishments have additionally established devoted cryptocurrency groups, together with Bank of America (BOFA) which created a crypto analysis staff in July. Last week, asset administration agency Franklin Templeton posted a job discover for an “investment research analyst” for cryptocurrency.
A rising variety of funding banks have begun providing or are within the strategy of providing cryptocurrency providers to their purchasers. They embrace Goldman Sachs, Citigroup, Standard Chartered, Wells Fargo, and DBS.
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