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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]
19 Ιουν 2024 · Morgan Stanley, a major player in global finance, has shaped the financial landscape since 1935. Start: Henry S. Morgan and Harold Stanley founded the company after the Glass-Steagall Act required separating investment from commercial banking, focusing on securities and investment management.
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.
During 1950s and 1960s, Morgan Stanley continues to be a leader in helping blue-chip clients tap public markets to finance growth and innovation. A new generation leads the charge into new businesses and markets to become a truly global investment bank.
Morgan Stanley
Founded : 1935; Founder : Henry Sturgis Morgan Harold Stanley; Headquarters : Morgan Stanley Building, New York City, New York, United States; Owner : MUFG; Area served : Worldwide; Website : www.morganstanley.com
