Morgan Stanley signs cloud partnership deal with Microsoft
Morgan Stanley and Microsoft have announced a cloud partnership deal centred around development and digital transformation.
The two firms call the deal a “unique collaboration to unlock the opportunities that Microsoft’s cloud provides”. They say it can enable Morgan Stanley to accelerate the modernisation of its IT environment.
As part of the deal, Morgan Stanley will develop and co-design new application infrastructure with Microsoft. This includes common data models, cross-cloud connectors, workflows and APIs.
Microsoft is to be slotted into the US bank’s existing multi-cloud strategy, with workloads transitioned onto its Azure platform.
The companies’ engineers will also collaborate on requirements and capabilities to drive “client- and business-centric innovation in financial services”.
Rob Rooney, head of technology, operations and firm resilience at Morgan Stanley, says the partnership is a “natural extension”.
He adds that his firm has a longstanding engineering relationship and strong collaborative bond with Microsoft.
“As we co-develop to shape the future of the cloud, Morgan Stanley will share its deep domain knowledge and engineering expertise to address the complexities of a global regulated financial industry.”
Beyond the cloud, the two firms are also collaborating on changes to the workplace and developer experience.
Teams at both will jointly work on the adoption of Microsoft GitHub, which Microsoft says will enable an integrated development environment and DevOps toolchain.
“As one of the most highly regulated industries in the world, financial services organisations’ journey to the cloud is extremely complex and nuanced,” says Scott Guthrie, Microsoft’s executive vice president for cloud and AI.
“Bringing together Morgan Stanley’s financial services engineering expertise with Microsoft’s cloud and industry-specific experience, our partnership will empower innovation for the industry.”