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Morgan Stanley to Dive Deeper into Crypto with New Job Posting

UTC by Sanaa Sharma · 2 min read
Morgan Stanley to Dive Deeper into Crypto with New Job Posting
Photo: JiahuiH / Flickr

The product manager job posting might also mean that Morgan Stanley is looking forward to providing its financial advisors with a variety of services or products to choose from.

American Multinational investment management firm Morgan Stanley is on the lookout for a product development manager whose vision is on creating a broad range of new and exciting crypto products across all business sectors.

Based on a LinkedIn job post by the company, the job requirement, updated on the 1st of August, will be included in the Investment Solutions Product Development workforce. This team provides a broad range of services that manages over nine hundred billion Dollars in assets management across mutual funds, money market funds, College savings plans, and ETFs.

The product manager would be required to primarily work on curating packaged products and indices. If anything, this job posting is evidence that Morgan Stanley is dipping its toes into the world of cryptocurrency and is looking forward to building up its product offering following the inauguration of an exclusive passive reserve in March 2021. The company informed its advisory unit about its recent plans to present its customers with crypto services using already existing products managed by Galaxy Digital and NYDIG.

The product manager job posting might also mean that Morgan Stanley is looking forward to providing its financial advisors with a variety of services or products to choose from. The inauguration of a novel index-based investment product or exchange-traded product would enter a populated domain that spans various companies and firms like Invesco-Galaxy, Fidelity, Grayscale, and a few others.

The Chief Executive Officer of Bitwise, Hunter Horsley acknowledged that the premise of the advertisement is vital however, excited spectators need to diminish their eagerness for now. According to Horsley, even if you employ a person to work on a project doesn’t exactly mean a product might come out of it. The company advertisement demonstrates the firm’s crypto product solutions could be heightened by more than two hundred asset management organizations.

A few obligations of the position will comprise recognizing jobs to influence financial advisor product utilization that contains presentations at the home office backed by branch and industry affairs.

A couple of days ago, Morgan Stanley decided to settle $200 million with United States regulators to fix investigations into record-keeping activities. The United States Securities and Exchange Commission (SEC) will receive $125 million and the Commodity Futures Trading Commission (CFTC) will be paid $75 million by the bank to settle inquiries into employee interaction on texting handles that had otherwise not been accepted.

Business News, Cryptocurrency news, News
Sanaa Sharma
Author Sanaa Sharma

Sanaa is a chemistry major and a Blockchain enthusiast. As a science student, her research skills enable her to understand the intricacies of Financial Markets. She believes that Blockchain technology has the potential to revolutionize every industry in the world.

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