Morgan Stanley's Job Posting Indicates Increasing New Crypto Products
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The job asks for the applicants to join their Investment Solutions Product Development Team. The team will offer a huge set of services that hold up more than $900 billion in assets under management across mutual funds, 529 College Savings Plans, money market funds, and exchange-traded funds.
The other responsibilities of the product development manager include noting the opportunities for the promotion of financial advisor product usage “including presenting at home-office sponsored, branch, and industry events”, “source product development opportunities across all investment strategies” and “partner with more than 200 asset management firms to identify strategies that will enhance the overall quality of the platform.”
Morgan Stanley Wants to Create New Crypto Products
Morgan Stanley is focussing on expanding in the field of crypto. The company launched its private passive fund in March 2021. The product manager position is an indication that Morgan Stanley is highly interested in giving FA’s more products to select from, as per an executive at an asset management firm Bitwise. The CEO of Bitwise, Hunter Horsely started that “Hiring a mid-level person to work on something like this doesn’t guarantee a product comes to market”.
However, the notification for the latest vacancy indicates that Morgan Stanley has quite a few crypto products lined up and users can expect a reasonable number of their products to flood the market in the coming days.
