Morgan Stanley is a partner and part owner (38%) of MGM International, a global organisation specialising in the development and commercialisation of projects that reduce greenhouse gas emissions.

“It’s an effective partnership,” says MGM President and Chief Executive Officer, Marco Monroy. “They are a world class financial institution and we are knowledgeable about the development and implementation of projects. For example, one difference between us is that they take the financial risks in guaranteeing credits, while we work more in the field, bringing new types of projects to the primary market.”
MGM International works on the technical side to the carbon credit market, helping its clients to recognise and monetise established types of emission reduction projects, as well as working on innovative types of projects which are new to the carbon market. Morgan Stanley often provides the financial backing needed to bring these projects to completion.
“We’re very proud to work with Morgan Stanley,” continues Marco Monroy. “Together, we are in the forefront of the market and will continue to contribute through innovation.”

Date: 2008-06-13