Morgan Stanley shutters Calgary office: report

By Staff | June 7, 2021 | Last updated on June 7, 2021
1 min read
Oil drilling rig, tanghai county of hebei province oil fields in China
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Morgan Stanley has closed its investment banking office in Calgary, according to Bloomberg, as investor interest in Canada’s oil patch wanes.

Bloomberg reported on Friday that the New York-based investment bank had closed its Calgary office, attributing the information to unnamed sources.

The article pointed to the oil sector’s declining growth amid a shortage of pipeline capacity and climate change concerns, and fewer deals among industry players. staff


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