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Morgan Stanley and Dean Witter merged in 1997, creating America's largest asset management company and securities firm in terms of equity capital. The resulting name, Morgan Stanley, Dean Witter, Discover & Company, was shortened to Morgan Stanley in March 2001.
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]
The Founding of Morgan Stanley. At 4 p.m. on the afternoon of September 5, 1935, a small crowd of reporters filed past a row of rolltop desks in the long, narrow partners’ room at J.P. Morgan’s headquarters on 23 Wall Street to await one of the firm’s rare announcements.
Our History. Select an era to discover the people and moments that define Morgan Stanley. 1925 1949. Building the Foundation. After Congress forces banks to choose between serving commercial or institutional clients, Harold Stanley and Henry Morgan leave J.P. Morgan & Co. to open a new investment bank that bears their names. VIEW MORE.
As grandson of the legendary J. Pierpont Morgan and the son of J.P. Morgan, Jr., Henry Morgan was the steward of tradition and culture at Morgan Stanley for four decades. In everything he did, from the advice he dispensed to the people he hired, Morgan made it his job to uphold his father’s creed to do first-class business in a first-class way.
Morgan Stanley
Henry Sturgis Morgan Sr. (October 24, 1900 – February 8, 1982) was an English born American banker, known for being the co-founder of Morgan Stanley and the president and chairman of the Morgan Library & Museum.
