Morgan Stanley looks to expand in Asia as markets deregulate
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Morgan Stanley is expanding in Asia, focusing on deregulated markets with growth potential. CEO Gokul Laroia highlighted the recruitment of financial advisers and capital market professionals to fill gaps in their footprint. The firm reported a 23% revenue increase to $9.4 billion last year, driven by a strong IPO pipeline and high trading volumes. Investors are shifting funds into higher-dividend equities, influenced by global uncertainties. The firm is optimistic about AI infrastructure and semiconductor localization, despite overall investment in Asia lagging behind the US.
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