Public | |
Traded as | : MS S&P 100 Component S&P 500 Component |
Industry | Financial services |
Founded | 1935 |
Founder |
Henry Sturgis Morgan Harold Stanley |
Headquarters | 1585 Broadway, Morgan Stanley Building, New York City, New York, United States |
Area served
|
Worldwide |
Key people
|
James P. Gorman (Chairman & CEO) Colm Kelleher (President) Jonathan Pruzan (CFO) |
Products | Investment banking, Sales and trading, Commodities, Prime brokerage, Wealth management, Investment management |
Revenue | US$37.95 billion (2016) |
US$8.85 billion (2016) | |
US$5.98 billion (2016) | |
AUM | US$1.3 trillion (2016) |
Total assets | US$814.95 billion (2016) |
Total equity | US$76.05 billion (2016) |
Number of employees
|
55,311 (2016)< |
Capital ratio | 16.9% (FY 2016) |
Website | www |
Morgan Stanley (: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. It is headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City. With offices in more than 42 countries and more than 55,000 employees, the firm's clients include corporations, governments, institutions and individuals.
Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis 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 Institutional Securities, Wealth Management and Investment Management.
Morgan Stanley is a leading global financial services corporation that, through its subsidiaries and affiliates, advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management.
Morgan Stanley traces its roots in the history of J.P. Morgan & Co. 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. J.P. Morgan & Co. chose the commercial banking business over the investment banking business. As a result, some of the employees of J.P. Morgan & Co., most notably Henry S. Morgan and Harold Stanley, left J.P. Morgan & Co. and joined some others from the Drexel partners to form Morgan Stanley. The firm formally opened the doors for business on September 16, 1935, at Floor 19, 2 Wall Street, New York City. Within its first year, it achieved 24% market share (US$1.1 billion) among public offerings. 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 also obtained the distinction of being the lead syndicate in the 1939 U.S. rail financing. The firm went through a major reorganization in 1941 to allow for more activity in its securities business.