Morgan Stanley
| |
| Morgan Stanley | |
| Type | Public |
|---|---|
| Founded | 1924 (Dean Witter & Co.) 1931 (Reynolds & Co.) September 16, 1935 (Morgan Stanley) 1971 (Reynolds Securities) 1978 (Dean Reynolds Organization) 1993 (Dean Witter, Discover & Co.) 1997 (Morgan Stanley Dean Witter & Discover Co.) 1998 (Morgan Stanley Dean Witter) 2001 (Morgan Stanley) |
| Headquarters | New York City, New York, U.S. |
| Key people | Dean G. Witter (Dean Witter & Co.) Guy Witter (Dean Witter & Co.) Jean Witter (Dean Witter & Co.) Richard S. Reynolds, Jr. (Reynolds & Co.) Charles H. Babcock (Reynolds & Co.) Thomas F. Staley (Reynolds & Co.) Henry Sturgis Morgan (Morgan Stanley) Harold Stanley (Morgan Stanley) |
| Industry | Investment, financial services |
| Products | Investment, financial services |
| Number of people | 80,257 |
| Website | https://www.morganstanley.com/ |
Morgan Stanley is an American investment and financial services company headquartered in New York City, New York, United States.
Dean Witter & Co.
In 1924, Dean Witter & Co. was founded by Dean Witter, his brother Guy Witter, and cousin Jean Witter in San Francisco, California, United States, as a retail brokerage firm.
Reynolds & Co.
In 1931, Reynolds & Co. was founded by Richard S. Reynolds Jr., Charles H. Babcock, and Thomas F. Staley in New York City, New York, United States, as a financial security business.
Morgan Stanley
Banking Act of 1933 separated commercial and investment banking. Because of this, J.P. Morgan & Co. had to split. J.P. Morgan & Co. retained its commercial banking business.
Some employees of J.P. Morgan & Co. left the company and formed Morgan Stanley, an investment banking company founded by Henry S. Morgan and Harold Stanley on September 16, 1935.
Reynolds Securities
Reynolds & Co. was incorporated as Reynolds Securities in 1971.
Dean Reynolds Organization
In 1978, Dean Witter & Co. merged with Reynolds Securities to become Dean Reynolds Organization Inc. At the time it was the largest securities merger in United States history.
Sears acquisition and Dean Witter, Discover & Co.
Sears acquired the Dean Reynolds Organization in 1981. It was spun-off from Sears as Dean Witter, Discover & Co. in 1993.
Morgan Stanley and Dean Witter & Discover Co. merger
Morgan Stanley merged with Dean Witter & Discover Co. to form Morgan Stanley Dean Witter & Discover Co. in 1997.
Morgan Stanley Dean Witter
Morgan Stanley Dean Witter & Discover Co. was shortened to Morgan Stanley Dean Witter in 1998.
Morgan Stanley
Morgan Stanley Dean Witter was further shortened to Morgan Stanley in 2001.
Morgan Stanley innovations
| Title | Developer | Released | Notes |
|---|---|---|---|
| A+ | Arthur Whitney | 1988 | Programming language. |
