Morgan Stanley Moves 200 Tech Experts From China on Data Law
- Shift impacts about a third of technology developers: sources
- US bank overhauls data strategy after China tightens access
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Morgan Stanley is shifting more than 200 technology developers out of mainland China after the country tightened access to troves of data stored onshore, according to people familiar with the matter.
The employees, accounting for more than a third of Morgan Stanley’s technologists on the mainland, are primarily moving to Hong Kong and Singapore, one of the people said, asking not to be identified discussing private information. Most of the relocation has been completed, according to the person.