Texas Governor Greg Abbott previously announced that the expansion involves a $684 million capital investment to house the company's services group. The initiative mirrors a trend of investment firms scaling their presence in the city to leverage regional growth. Morgan Stanley has not yet commented on whether it will recruit foreign nationals through H1B visas for the new roles.
Tuesday, October 20, 2026
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Morgan Stanley Builds $1.3B Dallas Hub to Add 3,800 Jobs
Business22 days ago
Mayor Eric Johnson verified the financial giant's plan to expand its operational footprint in Texas to counteract a broader exodus of Wall Street firms from New York City. Morgan Stanley will establish a new services center in Dallas with a total operation valuation of $1.3 billion and a target to employ 3,800 people by 2031.
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