Morgan Stanley Taps Longtime Foreign-Exchange Expert to Lead Crypto Research Team: Report

Morgan Stanley is encamping a crypto research team to be led by former lead currency strategist Sheena Shah, Bloomberg reported on Monday, citing an internal memo seen by Bloomberg staff.

The London-based team will look into the impact of crypto on equities and fixed income globally, Bloomberg wrote.
The report was confirmedhttps://www.cityam.com/morgan-stanley-to-launch-crypto-team-led-by-sheena-shah/ to London’s CityAM newspaper. The bank didn’t respond to CoinDesk’s request for comment as of press time.
The new group will report globally to James Faucette and locally to Adam Wood. The two lead Morgan Stanley’s research teams on fintech and payments in the U.S. and Europe.
Most recently, Shah was Morgan Stanley’s Europe lead for the Group of 10 foreign-exchange strategy, according to her LinkedIn profile. She had held that position since 2013.
In April, Morgan Stanley became one of the first banks to offer its wealth management clients access to bitcoin. JPMorgan Chase followed soon after.
In June, Morgan Stanley bought shares of Grayscale Bitcoin Trust. Grayscale’s parent company, Digital Currency Group, also owns CoinDesk.

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Eliza Gkritsi

Eliza Gkritsi was CoinDesk's AI/crypto reporter.

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