The firm that Henry and Harold built
New York-headquartered investment banking giant Morgan Stanley
is divided into three main businesses: institutional securities,
asset management, and wealth management. Institutional securities
includes M&A advisory, restructuring, real estate, project
finance, capital raising, equity and fixed income sales and
trading, and corporate lending. For the first six months of
2014, the firm ranked No. 2 in worldwide announced M&A deal
volume and No. 3 in global IPO underwriting.
Asset management includes institutional investment products and
mutual funds across a range of fixed income, equity, and
alternative investments. Wealth management provides financial
planning and wealth management services, annuities and insurance,
and brokerage and investment advisory services that cover a wide
range of investment alternatives.
The firm's modern history can be traced to 1935, when J.P.
Morgan & Co. partners Henry S. Morgan (grandson of J.P.
Morgan) and Harold Stanley left the firm to start their own
company: Morgan Stanley. Today, more than 75 years later,
Morgan Stanley is known as one of the leading investment banks in
the world. It has one of the top financial advisor sales
forces on the planet (its retail advisors operate under the Morgan
Stanley Smith Barney name). And it regularly works on the most
high-profile deals on Wall Street.
In Europe, Morgan Stanley has major offices in Amsterdam,
Athens, Budapest, Frankfurt, Geneva, Glasgow, London, Luxembourg,
Madrid, Milan, Moscow, Munich, Paris, Stockholm, and Zurich. The
bank is led by James Gorman, its chairman and CEO. It employs
nearly 56,000 employees globally.