Morgan Stanley selects GlobeOp to provide managed account services

London, New York - 4 October 2010

Morgan Stanley has selected GlobeOp Financial Services (LSE: GO.) to provide independent middle and back office services, and detailed daily data and reporting for its managed account platform ALPHAS.

"Managed accounts require significant infrastructure to meet fund manager and investor demands for operational transparency and independently reconciled data," said Ron Tannenbaum, managing director, GlobeOp. "We welcome the opportunity to support Morgan Stanley with an established platform that currently serves more than 100 fund and investor clients with robust processing and a suite of web-based, customized reports."

GlobeOp's managed account platform services - GoMAP(tm) - offer independent middle and back office services, risk services and daily, in-depth data and reporting tools. Funds and investors are both able to monitor individual and aggregated fund performance, operational controls and risk.

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