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Global Investment Bank Morgan Stanley Launches Dedicated Cryptocurrency Research Team – finance bitcoin news

Global investment bank Morgan Stanley is setting up a new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing importance of cryptocurrencies and other digital assets in global markets,” the bank said.

Morgan Stanley sets up new research team

Morgan Stanley is launching a dedicated cryptocurrency research team, Bloomberg reported on Monday, citing an internal memo from the bank it has seen.

Led by Sheena Shah, the firm’s principal cryptocurrency analyst, the team will research the impact of cryptocurrencies on both equities and fixed income globally.

Shah will be based in London, where she will report to Adam Wood, who leads Morgan Stanley’s fintech and payments research team in Europe. She will also report to James Fawcett, who leads the firm’s fintech and payments research team in the US.

The memorandum stated:

The launch of dedicated crypto research is in recognition of the growing importance of cryptocurrencies and other digital assets in global markets.

Morgan Stanley was one of the first major investment banks to adopt cryptocurrency. In March, the firm made three bitcoin funds available to its clients. In April, the firm added bitcoin to the investment strategies of 12 mutual funds.

Several other major financial institutions have also established dedicated cryptocurrency teams, including Bank of America (BofA), which in July formed a crypto research team. Last week, asset management firm Franklin Templeton posted a job notice for an “investment research analyst” for cryptocurrencies.

A large number of investment banks have started or are in the process of providing cryptocurrency services to their clients. These include Goldman Sachs, Citigroup, Standard Chartered, Wells Fargo and DBS.

What do you think of Morgan Stanley launching a dedicated crypto research team? Let us know in the comments section below.

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