Morgan Stanley

The corporate headquarters of the global American financial services and investment management firm Morgan Stanley is located at 1585 Broadway in Midtown Manhattan, New York City. Clients of the firm, which has offices in more than 41 nations and more than 75,000 workers, include businesses, governments, institutions, and people. On the 2021 Fortune 500 list of the biggest American companies by total revenue, Morgan Stanley came in at number 61.

J.P. Morgan created the original Morgan Stanley. On September 16, 1935, Henry Sturgis Morgan, a J.P. Morgan grandson, Harold Stanley, and other partners founded Morgan & Co. as a reaction to the Glass-Steagall Act, which mandated the division of American commercial and investment banking operations. The company has a 24% market share (about US$1.1 billion) in its first year of operations for public offerings and private placements.

In 1997, the original Morgan Stanley and Dean Witter Discover & Co. merged to form the present Morgan Stanley. Philip J. Purcell, Chairman and CEO of Dean Witter, was named Chairman and CEO of the newly combined "Morgan Stanley Dean Witter Discover & Co." In 2001, the new company's name was reverted back to "Morgan Stanley." Institutional securities, wealth management, and investment management are currently the company's three primary business segments. The Financial Stability Board views the bank as having systemic importance.

Founders: Henry Sturgis Morgan, Harold Stanley, Dean G. Witter, Richard S. Reynolds, Jr.

Headquarters: Morgan Stanley Building, New York City, U.S.

Revenue: US$59.8 billion (2021)

Market cap: $148.37 Billion (2022)

Website: morganstanley.com