The firm that Henry and Harold built
New York-headquartered investment banking giant Morgan Stanley is divided into three main businesses: institutional securities, which includes M&A advisory, restructuring, real estate, project finance, capital raising, equity and fixed income sales and trading, and corporate lending; asset management, which includes institutional investment products and mutual funds across a range of fixed income, equity, and alternative investments; and global wealth management, which 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 bank's history can be traced back to 1854, when Junius S. Morgan, an American banker from Massachusetts, began working in London for a British banker named George Peabody. Morgan's son, J. Pierpont Morgan, learned the banking business at his father's side, but eventually returned to America to found the firm that would become J.P. Morgan & Company. In 1935, J. Pierpont's grandson Henry Morgan and fellow J.P. Morgan partner 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 regularly works on the most high profile deals on Wall Street, and has one of the top financial advisor sales forces on the planet (its retail advisors operate under the Morgan Stanley Smith Barney name). The bank is led by James Gorman, its chairman and CEO. It employs more than 55,000 employees.