Morgan Stanley Goes ‘On Demand’ with IBM
OUTSOURCING
NEW YORK—Morgan Stanley will be using IBM to build a "demand computing infrastructure" for its retail-oriented Individual Investor Group and Discover Financial Services unit, but the $575 million contract will not affect the IT initiatives of the institutional side of the firm, according to Guy Chiarello, managing director, CTO for Morgan Stanley.
Essentially, Morgan Stanley will use mainframe processing for its retail businesses only when it needs to, by tapping into an IBM on demand data center
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