Smith barney commercial12/13/2023 ![]() ![]() Dean Witter's Chairman and CEO, Philip J. On February 5, 1997, the company merged with Dean Witter Discover & Co., the spun-off financial services business of Sears Roebuck. Morgan Stanley after the merger (1997–present) Current Morgan Stanley Logo 2022 Historical logo used by Morgan Stanley in the early 2000s In 1996, Morgan Stanley acquired Van Kampen American Capital. The sales and trading business is believed to be the brainchild of Bob Baldwin. in 1967 and established a presence in the real estate business. The firm acquired Brooks, Harvey & Co., Inc. In 1967, it established the Morgan & Cie, International in Paris in an attempt to enter the European securities market. Future president and chairman Dick Fisher contributed to the computer model as a young employee, learning the FORTRAN and COBOL programming languages at IBM. Morgan Stanley credits itself with having created the first viable computer model for financial analysis in 1962, thereby starting a new trend in the field of financial analysis. During this period, the firm co-managed the World Bank's triple-A-rated bonds offering of 1952, as well as coming up with General Motors' US$300 million debt issue, US$231 million IBM stock offering, and the US$250 million AT&T's debt offering. The firm was led by Perry Hall, the last founder to lead Morgan Stanley, from 1951 until 1961. The firm went through a reorganization in 1941 to allow for more activity in its securities business. The firm also obtained the distinction of being the lead syndicate in the 1939 U.S. The firm was involved with the distribution of 1938 US$100 million of debentures for the United States Steel Corporation as the lead underwriter. The firm formally opened its doors for business on September 16, 1935, at 2 Wall Street, New York City, just down the street from J.P Morgan. and joined others from the Drexel partners to form Morgan Stanley. As a result, some of the employees of J.P. chose the commercial banking business over the investment banking business. Following the Glass–Steagall Act, it was no longer possible for a corporation to have investment banking and commercial banking businesses under a single holding entity. The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management. ![]() Morgan Stanley is a financial services corporation that, through its affiliates and subsidiaries, advises, and originates, trades, manages, and distributes capital for institutions, governments, and individuals. The bank is considered systemically important by the Financial Stability Board. The main areas of business for the firm today are institutional securities, wealth management and investment management. Purcell, became the Chairman and CEO of the newly merged "Morgan Stanley Dean Witter Discover & Co." The new firm changed its name back to "Morgan Stanley" in 2001. ![]() The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Discover & Co. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. 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. partners Henry Sturgis Morgan (a grandson of J.P. The original Morgan Stanley, formed by J.P. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. ![]()
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