London HQ: Morgan Stanley’s Canary Wharf base
Morgan Stanley will stay at its Canary Wharf offices until 2038 in a vote of confidence for London.
Chris Beatty, the bank’s chief operating officer for Europe, the Middle East and Africa, said the firm was ‘looking forward to witnessing the next stages of Canary Wharf’s evolution first hand’.
Last June HSBC said it was quitting its 45-floor skyscraper, one of the district’s landmark buildings, for a smaller, lower-rise property in the City of London.
The decision raised questions about whether Canary Wharf could continue to retain its biggest names, but in December Barclays also pledged to stay until 2039.
Many of London’s largest offices have emptied out since the pandemic, with thousands of employees favouring hybrid working patterns.
