Morgan Stanley

Morgan Stanley
Company typePublic
IndustryFinancial services
Founded
Founder
HeadquartersMorgan Stanley Building
New York City, New York, U.S.
Area served
International service
Key people
Products
RevenueIncrease US$54.1 billion (2023)
Decrease US$11.8 billion (2023)
Decrease US$9.1 billion (2023)
AUMIncrease US$1.46 trillion (2023)
Total assetsIncrease US$1.19 trillion (2023)
Total equityDecrease US$100.0 billion (2023)
OwnerMUFG (21.6%)[1]
Number of employees
80006 (2023)
Subsidiaries
Capital ratio15.2% (2023)
Websitewww.morganstanley.com Edit this at Wikidata
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.

  1. ^ "Morgan Stanley 2022 Proxy statement". SEC.gov. U.S. Securities and Exchange Commission. April 8, 2022.
  2. ^ a b "Morgan Stanley 2023 Form 10-K Annual Report". SEC.gov. U.S. Securities and Exchange Commission. February 22, 2024.
  3. ^ "Basel III Pillar 3 Disclosures Report For the Quarterly Period Ended December 31, 2019" (PDF).
  4. ^ "Morgan Stanley 10-K 2023" (PDF).
  5. ^ "Fortune 500 Companies 2021: Morgan Stanleyt". Fortune. Retrieved May 10, 2022.
  6. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  7. ^ a b "Morgan Stanley Interactive Timeline". morganstanley.com. Archived from the original on March 23, 2016. Retrieved May 14, 2018.
  8. ^ "Morgan Stanley Chairman and CEO Philip J. Purcell Announces Plans to Retire". Morgan Stanley. Retrieved May 14, 2018.
  9. ^ "SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Morgan Stanley, Dean Witter, Discover & Co.)" (PDF). Morgan Stanley.
  10. ^ "History of Morgan Stanley Dean Witter & Company – FundingUniverse". www.fundinguniverse.com. Retrieved May 14, 2018.
  11. ^ 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.
  12. ^ "MORGAN STANLEY'S NEW BRAND UNVEILS TUESDAY". Retrieved May 14, 2018.

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