Morgan Stanley today announced the establishment of a new technology centre in Montreal.

The high-tech center will support the firm’s business in New York, initially serving as a platform for six areas: fixed income, securities processing and settlements, investment management, enterprise data infrastructure, enterprise application infrastructure, and corporate technology and finance.

The firm reported that it worked with Compuware, a global supplier of IT services and solutions, to develop and implement a pilot delivery center. Based on that success, Morgan Stanley is establishing a permanent centre, and it’s launching the technology center with a number of local hires. The firm noted that it has maintained a presence in the Montreal marketplace through existing consulting relationships, and now looks to further this expansion with its own platform.

As part of Morgan Stanley’s investment in Montreal, the firm is participating in an incentive program provided by Investissement Quebec and Emploi Quebec, agencies of the Government of Quebec that will support the center and its strategic growth.

Jim Rosenthal, a managing director at Morgan Stanley, said, “We are delighted to expand our internal operations in Montreal, one of Canada’s leading financial centres that is well regarded for its highly skilled talent base. We look forward to growing our platform here to complement our existing technology and business services centres around the world.”