Remodeling of Morgan Stanley. Yes! Rob Rooney stated in his interview that the wide area of more than one million square feet will get an overhaul to bring technological experts closer to traders, bankers, and brokers in the next fifteen months. Trading floors and investment banking office will get design after the changes made in wealth management operations. Rooney also said that the company is trying to attract and magnetize the best and the brightest of the next generation through re-designing the workplace in a more dynamic and millennial manner.
The first phase features around nine thousand seats till date and may be expanding in the near future. Demolition work highlights an open floor plan which provides spectacular of the Hudson River and Statue of Liberty to their employees. The perk which was earlier reserved for the senior has now turned into a beautiful glass partition with an interactive whiteboard. Rooney also said that the trading needs to be with the techies and there will a great difference in the trading floor in the next five years.
Source: Bloomberg
