Morgan Stanley (NYSE: MS) is an American multinational financial services corporation headquartered in the Morgan Stanley Building, Midtown Manhattan, New York City. Morgan Stanley operates in 42 countries, and has more than 1300 offices and 60,000 employees. The company reports US$304 billion in assets under management or supervision.
The corporation, formed by J.P. Morgan & Co. partners Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935, in response to the Glass-Steagall Act that required the splitting of commercial and investment banking businesses. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities, and Investment Management.
The company was founded in the midst of a management crisis starting in March 2005 that resulted in a loss of a number of the firm's staff and ultimately saw the firing of its then CEO Philip Purcell three months later.
Other articles related to "morgan stanley, morgan":
... On February 17, 2005, Perelman filed a lawsuit against Morgan Stanley ... Two facts were at issue Did Morgan Stanley know about the problems with Sunbeam and was Ronald Perelman misled? During the discovery phase, the judge became exasperated with what she ... Hobbled, Morgan Stanley had no choice but to argue that Perelman was too savvy an investor to have fallen for their transparent tricks ...
... Formally it is the Morgan Stanley-American Finance Association Award for Excellence in Finance ... Morgan Stanley (NYSEMS) and the American Finance Association (AFA) are pleased to announce that Eugene F ... Graduate School of Business, has been chosen as the first recipient of the Morgan Stanley-AFA Award for Excellence in Finance ...
... Herman Harjes died in a polo accident, ending the control of Morgan Harjes by the Harjes family ... That fall, the firm was renamed Morgan Cie ... During World War II, Morgan Cie Incorporated was the only bank with ties to Allied nations that remained open during the occupation of Paris ...
... Walid Chammah is a former Morgan Stanley executive whose most recent role was Chairman of Morgan Stanley International ... He also served as a member of the Morgan Stanley Management and Operating Committees ... Chammah was Co-President of Morgan Stanley, overseeing the Firm's Institutional Securities business and operations ...
Famous quotes containing the words stanley and/or morgan:
“Rain falls into the open eyes of the dead
Again again with its pointless sound
When the moon finds them they are the color of everything”
—William Stanley Merwin (b. 1927)
“On like the wind they hurried, and Morgan rode in advance;
Bright were his eyes like live coals, as he gave me a sideways
And I was just breathing freely, after my choking pain,
When the last one of the troopers suddenly drew his rein.”
—Constance Fenimore Woolson (18401894)