Morgan Stanley merges MSCS fixed income derivatives business into Morgan Stanley Bank

Davis Polk represented Morgan Stanley with respect to the division of Morgan Stanley Capital Services LLC (MSCS) and the subsequent merger of MSCS’s fixed income derivatives business into Morgan Stanley Bank, N.A. (MSBNA). The transaction involved dividing MSCS, a swap dealer, into two separate entities and transferring MSCS’s fixed income derivatives business into MSBNA. The reorganization and merger required regulatory approval under the Bank Merger Act as well as other applicable regulatory consents. Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services worldwide. MSCS served as Morgan Stanley’s primary U.S. derivatives entity, and MSBNA is a U.S. bank subsidiary of Morgan Stanley. Davis Polk represented Morgan Stanley with a team composed by: the financial institutions M&A team included partners Luigi L. De Ghenghi, David L. Portilla, Marc O. Williams and Gabriel D. Rosenberg; counsel Andrew S. Baer, Tyler X. Senackerib, Danjie Fang and Suiwen Liang; and associates Kirill Lebedev, Mary Jane Dumankaya, Edwin P. Paillant, Abigail Barney, Itay Kazaz and Patrick Q. Sullivan. Partner Michael Mollerus and associate Seth Cole provided tax advice. Members of the Davis Polk team are based in the New York and Washington, D.C. offices.

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Morgan Stanley merges MSCS fixed income derivatives business into Morgan Stanley Bank

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Morgan Stanley merges MSCS fixed income derivatives business into Morgan Stanley Bank

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