Morgan Stanley (MS.N) plans to shut its Indonesian onshore institutional equities buying and selling enterprise, the funding financial institution mentioned on Thursday in response to Reuters queries.
Morgan Stanley mentioned in a press release that it “intends to stop its onshore broker-dealer actions in Indonesia. The agency stays dedicated to Indonesia and can proceed to offer our international purchasers entry to the fairness market working with certified native brokerage companions.”
Sources accustomed to the choice informed Reuters that the transfer will end in about 10 job losses.
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