Morgan Stanley gets dealership license in India

Morgan Stanley has received approval for a Primary Dealership (PD) license from the Reserve Bank of India, a significant step in further building out the Firm's fixed income sales and trading platform and capabilities in India. The license, which has been awarded to the Firm's PD entity, Morgan Stanley India Primary Dealer Private Limited (MSIPD), will allow Morgan Stanley to participate in Government of India bond auctions, as well as to make markets and trade in Indian government bonds and other government liquidity instruments.

"We are delighted to have been awarded an approval for a Primary Dealership license," said Ranodeb Roy, Morgan Stanley's Head of Interest Rate, Credit and Currency (IRCC) division for Asia Pacific. "This new license, along with our established NBFC, provides us with a fully integrated onshore fixed income platform in India and enables us to offer a comprehensive suite of services and solutions to our local and global clients."

Morgan Stanley's Fixed Income Division established a presence onshore in India through its Non Banking Finance Company (NBFC), Morgan Stanley India Capital Private Limited (MSICPL), which became fully operational in July 2008. Since that time, MSICPL has been active in government bond trading, credit trading and lending to Private Wealth Management clients. In September 2008, the Firm's NBFC was assigned by FITCH the highest possible credit rating for its long-term and short-term debt.

Follow the link for more news on

Also Read

Asian investor sentiment index inched higher to 16pts in 4Q13

China's M&A deal values hit record high of US$260b in 2013

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit