Morgan Stanley has announced its intention to seek appropriate regulatory approvals to establish an office in Kiev, Ukraine.
The firm has also announced the appointment of Ihor Mitiukov as managing director and head of Morgan Stanley’s office in Kiev, reporting to Rair Simonyan, head of Morgan Stanley in the region, and Franck Petitgas, global co-head of investment banking business.
Mr Mitiukov, who previously served as a minister of finance and deputy chairman of National Bank of Ukraine, will work closely with Pavel Fedorov, head of investment banking business in the region, to develop business in the country.
Morgan Stanley said that the intention to open an office in Ukraine is in line with its strategy of building businesses in developing markets.
Walid Chammah, co-president of Morgan Stanley and chairman of Morgan Stanley International, said: As we continue to develop our business in eastern Europe, Ukraine with its growth potential is a strategically important market for Morgan Stanley. We believe that this is the right time to enhance Morgan Stanley’s on-the-ground presence.