Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management, and investment management services. With offices in more than 42 countries, the company's clients include corporations, governments, institutions, and individuals.
Morgan Stanley was founded by Henry Sturgis Morgan, Harold Stanley, and others on September 16, 1935, following the Glass-Steagall Act that required the splitting of commercial and investment banking businesses. The firm is headquartered in New York City, New York, United States.
Main Product(s):
Morgan Stanley's primary services include advisory and capital-raising services for corporations, governments, and individuals, securities underwriting, and trading. It also offers wealth and investment management services.
Short History of Morgan Stanley:
September 1935 – Founded by Henry S. Morgan and Harold Stanley.
1997 – Merged with Dean Witter, Discover & Co.
2006 – Sold the Discover Card business.
2008 – Converted to a bank holding company during the financial crisis.
2013 – Completed the purchase of Smith Barney from Citigroup.
2020 – Acquired E*TRADE, a major expansion in retail brokerage.
2021 – Completed the acquisition of Eaton Vance, enhancing its investment management capabilities.
Key Executives:
Name
Title
Pay
Exercised
Year Born
Mr. James Patrick Gorman
Chairman & CEO
9.04M
N/A
1958
Mr. Andrew Michael Saperstein
Co-President & Head of Wealth Management
8.68M
N/A
1967
Mr. Edward N. Pick
Co-President, Head of Institutional Securities Group & Co-Head of Corporate Strategy
9.71M
N/A
1969
Ms. Sharon Yeshaya
Executive VP & CFO
4.96M
N/A
1980
Mr. Daniel Aaron Simkowitz
Head of Investment Management & Co-Head of Corporate Strategy
7.75M
N/A
1966
Mr. Michael Wilson
Chief U.S. Equity Strategist & Chief Investment Officer