Morgan Stanley is planning to expand its presence in Singapore, moving to a new office within the city-state's financial district. The firm is set to lease five floors at the upcoming IOI Central Boulevard Towers, providing space for approximately 1,000 employees. The move is driven by growth in its fixed-income and wealth businesses, as well as an increase in tech and back-office employees. The new location in the Marina Bay area will also serve as the bank’s headquarters for South-east Asia. This strategic move aligns with the current trend of global firms boosting their presence in Singapore to manage or expand their Asian operations.