Columbus, OH – Morgan Stanley, a leading global financial services firm providing investment banking, securities, wealth management and investment management services, today announced plans to expand its operations in Columbus with as many as 300 new jobs anticipated over the next few years. Morgan Stanley expects to begin hiring during the fourth quarter 2016.
“Morgan Stanley has successfully established a strong presence in the Columbus area, designating it as one of our centers of excellence. These business centers support our global workforce strategy and aim to leverage talent in targeted regions to help us meet key business objectives,” said Sheila Welch, managing director, head of Global Workforce Strategy at Morgan Stanley. “We are pleased to partner with Central Ohio officials to strengthen our footprint in the area and expand our workforce.”
The new expansion is anticipated to bring the company’s Columbus workforce to more than 800 people. Morgan Stanley plans to add jobs in a variety of roles in support of its wealth management business. As a leader in global financial services, Morgan Stanley has offices in more than 43 countries, servicing clients worldwide including corporations, governments, institutions and individuals.
“Morgan Stanley’s decision to increase its presence in Columbus speaks volumes about our workforce and resources,” said Mayor Andrew J. Ginther of the City of Columbus. “The financial sector is an important industry for Columbus and we are committed to helping it grow and succeed.”
“We are excited that global financial institution Morgan Stanley expects to add 300 more jobs in Columbus,” said John Minor, president and chief investment officer, JobsOhio. “This expansion is an example of how Ohio’s talent, competitive costs and ease of access to the East Coast continue to make Ohio a preeminent financial services destination.”
The Columbus Region employs more than 50,000 people in the finance and insurance industries. Finance and insurance related activities lead the Region’s economic output with the sector contributing 28 billion in economic output in 2015.