Morgan Stanley Logo.svg |
Overview
Morgan Stanley (NYSE: MS) is an American multinational financial services corporation headquartered in the Morgan Stanley Building, Midtown Manhattan, New York City.[6] Morgan Stanley operates in 24[7] countries and has more than 1300 offices and 60,000 employees.[8] According to the Scorpio Partnership Global Private Banking Benchmark, the company had $1.454 trillion of assets under management (AUM) in 2014, an increase of 17.5% over its 2013 figure.[9]Morgan Stanley Smith Barney Logo.svg |
The corporation, formed by J.P. Morgan & Co. partners Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and others, came into existence on September 16, 1935, in response to the Glass-Steagall Act that required the splitting of commercial and investment banking businesses. In its first year the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities, and Investment Management.
Morgan Stanley Logo.svg |
Bank title Overview Logo.svg |
No comments:
Post a Comment