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Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City.With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals.
On January 13, 2009, Morgan Stanley and Citigroup announced the merger of Smith Barney with Morgan Stanley's Global Wealth Management Group, with Morgan Stanley paying $2.7 billion cash upfront to Citigroup for a 51% stake in the joint venture. The joint venture operates as Morgan Stanley Smith Barney.
He was named president of Morgan Stanley in June 1993. Mack served as president, chief operating officer and a director of Morgan Stanley Dean Witter & Co. from May 1997 when the firm was created by the merger of Morgan Stanley and Dean Witter, two of the world's leading financial services companies.
The AI initiative is part of Morgan Stanley's strategy to drive its wealth division, where net revenue surged 16% to a record in the second quarter and new client assets grew $90 billion.
Former Morgan Stanley adviser Darryl Cohen was arrested Thursday after allegedly defrauding NBA players out of millions. Cohen is accused of transferring roughly $13 million from his NBA clients ...
Morgan Stanley (No. 61 on the Fortune 500) reported net revenue up 4% from a year ago, to $15.1 billion, for the quarter ended March 31. Net income rose 14% to $3.4 billion, compared with a year ...
Morgan Stanley Dean Witter still had a large presence at the World Trade Center during the September 11 attacks on September 11, 2001. Dean Witter was the first big brokerage company to get into the online trading business when it bought a small San Francisco-based outfit called Lombard Brokerage in 1996.
The filing seen by Fortune seeks to explain Morgan Stanley's decision, writing: "The committee determined that granting the awards to each of our incoming chief executive officer and co-presidents ...