1935; 89 years ago (1935) (the original Morgan Stanley)
1924; 100 years ago (1924) (Dean Witter & Co.)
1931; 93 years ago (1931) (Reynolds Securities)
Founder
Henry Sturgis Morgan
Harold Stanley
Dean G. Witter
Richard S. Reynolds, Jr.
Headquarters
Morgan Stanley Building New York City, New York, U.S.
Area served
International service
Key people
Ted Pick (CEO)
James P. Gorman (Executive Chairman)
Andy Saperstein (Co-President)
Dan Simkowitz (Co-President)
Sharon Yeshaya (CFO)
Products
Investment banking
Sales and trading
Commodities
Prime brokerage
Wealth management
Investment management
Mutual funds
Exchange-traded funds
Index funds
Revenue
US$54.1 billion (2023)
Operating income
US$11.8 billion (2023)
Net income
US$9.1 billion (2023)
AUM
US$1.46 trillion (2023)
Total assets
US$1.19 trillion (2023)
Total equity
US$100.0 billion (2023)
Owner
MUFG (21.6%)[1]
Number of employees
80,006 (2023)
Subsidiaries
Morgan Stanley Wealth Management
E-Trade
Eaton Vance
Solium
Capital ratio
15.2% (2023)
Website
www.morganstanley.com
Footnotes / references [2][3]
Morgan Stanley[4] is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals.[2] Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue[5] and in the same year ranked #30 in Forbes Global 2000.[6]
The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses.[7] In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements.
The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Discover & Co. in 1997.[7] Dean Witter's chairman and CEO, Philip J. Purcell, became the chairman and CEO of the newly merged "Morgan Stanley Dean Witter Discover & Co."[8][9] The new firm changed its name back to "Morgan Stanley" in 2001.[10][11][12] The main areas of business for the firm today are institutional securities, wealth management and investment management. The bank is considered systemically important by the Financial Stability Board.
^"Morgan Stanley 2022 Proxy statement". SEC.gov. U.S. Securities and Exchange Commission. April 8, 2022.
^ ab"Morgan Stanley 2023 Form 10-K Annual Report". SEC.gov. U.S. Securities and Exchange Commission. February 22, 2024.
^"Basel III Pillar 3 Disclosures Report For the Quarterly Period Ended December 31, 2019" (PDF).
^"Morgan Stanley 10-K 2023" (PDF).
^"Fortune 500 Companies 2021: Morgan Stanleyt". Fortune. Retrieved May 10, 2022.
^"The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
^ ab"Morgan Stanley Interactive Timeline". morganstanley.com. Archived from the original on March 23, 2016. Retrieved May 14, 2018.
^"Morgan Stanley Chairman and CEO Philip J. Purcell Announces Plans to Retire". Morgan Stanley. Retrieved May 14, 2018.
^"SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Morgan Stanley, Dean Witter, Discover & Co.)" (PDF). Morgan Stanley.
^"History of Morgan Stanley Dean Witter & Company – FundingUniverse". www.fundinguniverse.com. Retrieved May 14, 2018.
^McGeehan, Patrick (2001). "THE MARKETS: Market Place; Morgan Stanley decides to drop the Dean Witter name". The New York Times. ISSN 0362-4331. Retrieved May 14, 2018.
^"MORGAN STANLEY'S NEW BRAND UNVEILS TUESDAY". Retrieved May 14, 2018.
MorganStanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York...
division of MorganStanley. On January 13, 2009, MorganStanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to MorganStanley, creating...
Stanley (October 2, 1885 – May 14, 1963) was an American businessman and one of the founders of MorganStanley in 1935. For 20 years, he ran Morgan Stanley...
Stanley Douglas Morgan (born February 17, 1955) is an American former professional football player who was a wide receiver in the National Football League...
moving to MorganStanley to specialize in covering the personal computer and consumer software industries. In August 1995, MorganStanley served as lead...
Sturgis Morgan Sr. (October 24, 1900 – February 8, 1982) was an English born American banker, known for being the co-founder of MorganStanley and the...
1585 Broadway, also called the MorganStanley Building, is a 42-story office building on Times Square in the Theater District neighborhood of Manhattan...
February 17, 2005, Perelman filed a lawsuit against MorganStanley. Two facts were at issue: did MorganStanley know about the problems with Sunbeam, and was...
Sturgis Morgan, was the co-founder of MorganStanley and his great-grandfather was J. P. Morgan, founder of J.P. Morgan & Co. John Adams Morgan was born...
of Tops Friendly Markets, LLC to MorganStanley Private Equity in a transaction valued at $310 million. MorganStanley agreed to purchase 71 of the 72...
Ridder) Henry Sturgis Morgan (1900–1982), co-founder of MorganStanley m. Catherine Morgan (née Adams) Henry Sturgis Morgan Jr. (1924–2011) m. (1) 1945:...
Brock University in St. Catharines, Canada.[citation needed] He joined MorganStanley as an associate in 1983, one of the first Indians to join the company...
Gannett Company Henry S. Morgan – co-founder of MorganStanley, son of J. P. Morgan Jr. and grandson of financier J. P. Morgan Lewis Reford – Canadian...
2010—to his employer, MorganStanley. Frontpoint was founded in November 2000 by three principals, including two Tiger cubs. MorganStanley purchased an equity...
Howard Hubler III, known as Howie Hubler, is an American former MorganStanley bond trader who is best known for his role in the fifth largest trading...
resounding talk, nearly everybody [at MorganStanley] voted to defy IBM and demand sole management. MorganStanley was shocked when word came back that...
Solium Capital, now known as Shareworks by MorganStanley, is a subscription-software (SaaS) company headquartered in Calgary, Alberta, Canada. It is best...
propose the sale of city-owned parking meters. Brokers affiliated with MorganStanley then formed an LLC called "Chicago Parking Meters LLC" to facilitate...
2010. In its lawsuit, MorganStanley called Skowron a “faithless servant” who lied repeatedly to continue being paid by MorganStanley and to avoid a blow...
Witter, Discover & Co. merged with investment banking house MorganStanley to form "MorganStanley Dean Witter & Discover Co.". The combined firm later dropped...
investment agreement was signed between the company and MorganStanley Expansion Capital LP, a MorganStanley Investment Management private equity fund. Its aim...
acquired by MorganStanley in 1996. Most of MorganStanley's asset management activities were principally conducted under the MorganStanley and Van Kampen...
additional US$160 million from new investors Dragoneer Investment Group, MorganStanley Wealth Management, Sofina SA, and Vulcan Inc., with a share of the funding...
noted with the following: JPMorgan Chase Goldman Sachs BofA Securities MorganStanley Citigroup UBS Deutsche Bank HSBC Barclays RBC Capital Markets Wells...
Global Information
US$54.1 billion (2023)
US$11.8 billion (2023)