Morgan Stanley

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Morgan Stanley

Founded	1935
Headquarters	New York, NY, USA
Key People	John J. Mack, chrmn/CEO; Walid Chammah/James Gorman, co-presidents; Michael Pettrick/Jerker Johansson, co-heads, Institutional Securities Sales and Trading; Neal Shear, chrmn, Commodities
Employees	45,000 worldwide
Products	Financial services
Web site	http://www.morganstanley.com/

Morgan Stanley (NYSE: MS) is a global financial services firm that provides investment banking, securities, investment management and wealth management services to corporations, governments, institutions and individuals. Morgan Stanley has more than 600 offices in 33 countries.

1 History
2 Products and Services
3 Key People
4 Registration
5 References
6 Resources

History

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Though Morgan Stanley was founded in New York on September 5, 1935,^[1] its roots go further back. J.P. Morgan founder J. Pierpont Morgan in the early part of the 20th century acted as an unofficial central banker helping reorganize U.S. railroads and pave the way for creation of companies like General Electric and U.S. Steel. In September 1935 Morgan Stanley was born as Henry S. Morgan and Harold Stanley of J. P. Morgan & Co. along with others from J.P. Morgan & Co broke from the company. This split of the commercial and investment banks came as a result of the Glass-Steagall Act. Within its first year, Morgan Stanley achieved 24% of market share among public offerings.

In 1964, Morgan Stanley created the first viable computer model for financial analysis.

In 1986, Morgan Stanley Group, Inc., became publicly listed.

In 1996, Morgan Stanley acquired mutual fund company Van Kampen American Capital.

On February 5, 1997, the company merged with Dean Witter, and Discover & Co. (a.k.a. Dean Witter Reynolds) the spun-off financial services business of Sears Roebuck. In 2001 the Dean Witter name was dropped and the firm became Morgan Stanley.

Co-President Zoe Cruz retires from the firm after 25 years of service to Morgan Stanley.^[2]

On December 19, 2006, after reporting 4th quarter earnings, Morgan Stanley announced the spinoff of its Discover Card unit.

On December 19, 2007, Morgan Stanley reported a $9.4-billion writedown from bad investments in mortgage-related debt, leading it to take a $5 billion infusion from an arm of the Chinese government in exchange for securities that would be convertible to 10% of its shares. The writedown, nearly triple what Morgan Stanley warned of in November, pushed the investment house to the first quarterly loss in its 73-year history.^[3]^[4]