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Global investment bank Morgan Stanley is establishing a team dedicated to researching cryptocurrencies’ impact on both equities and fixed income in recognition of the growing significance of digital assets.
The firm’s top cryptocurrency analyst Sheena Shah will lead the team.
Shah will be based in London and report to Adam Wood, who leads Morgan Stanley’s fintech and payments research team in Europe, and James Faucette, who leads the firm’s fintech and payments research team in the US
Morgan Stanley was among the first investment banks to offer cryptocurrency, making bitcoin funds available to clients in March and adding bitcoin among its 12 mutual funds’ investment strategies in April.
Other major financial institutions that have established dedicated cryptocurrency teams are the Bank of America and Franklin Templeton.
Investment banks that are or would be offering cryptocurrency services to their clients include Goldman Sachs, Standard Chartered, Citigroup, Wells Fargo, and DBS.
