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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 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.
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]
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.
The creation of Morgan Stanley brought together two leaders with different styles and strengths: Henry Morgan and Harold Stanley.
Morgan Stanley
Harold Stanley was one of the founding partners of Morgan Stanley, established in 1935. As co-founder, along with Henry Sturgis Morgan, he helped build Morgan Stanley into a prominent investment bank in its early years.
