Morgan Stanley Wealth Management is seeking a product manager to join its Investment Solutions Product Development Team, which supports more than $900B in assets under management.
According to a LinkedIn job listing, Morgan Stanley is seeking a product development manager who will be responsible for building new crypto products across all business lines.
This position was posted August 1. It is for the Investment Solutions Product Development Team. They offer a wide range of services that “support” more $900 billion worth of assets across mutual funds and money market funds.
In particular, the primary focus of the product manager would be on creating packaged products or indexes.
Morgan Stanley appears to be taking crypto seriously, and is looking to expand its product offerings after it launched a private passive fund in March 2021. The job advertisement is one example. The firm informed its financial advisors, as previously reported by The Block that it could offer crypto exposure through products operated by NYDIG and Galaxy Digital.
According to Bitwise, the product manager position at Morgan Stanley suggests that they are keen to offer FAs more options. To be precise, the launch of an index-based investment product (or exchange-traded product) would join a field that includes Fidelity and Grayscale.
Bitwise CEO Hunter Horsley acknowledged that the context was important, but warned observers to be cautious about their enthusiasm.
Horsley stated that “hiring a mid-level worker to work on something like these doesn’t guarantee that a product will come to market.”
This job advertisement also suggests that over 200 asset management companies could leverage the firm’s crypto products.
The role includes identifying opportunities for financial advisor product use, including presenting at branch and home-office events. It also involves “sourcing product development opportunities across all investment strategy types.” It also allows you to “partner with over 200 asset management firms to identify strategies to improve the overall quality and effectiveness of the platform.”
Morgan Stanley representatives did not respond to requests for comment outside of normal business hours.
