James Patrick Gorman
Chairman & CEO
Thomas Columba Kelleher
Jonathan M. Pruzan
CFO & Executive VP
Morgan Stanley was founded in the year 1935. The company has been operational for almost 84 years now. In the year 1935, a USA law was passed that commercial banking business and investment banking business cannot work under a single holding company, and therefore JP Morgan & Co decided to spin off their investment business into a totally new company, known as Morgan Stanley. During the years, from 1951 to 1961, the company was able to manage the AAA rated bonds of the World Bank, which had amounted to almost $50 million. The company had also managed the $300 million debt issue of General Motors, the $231 million stock offering of IBM and even $250 million debt offering of AT&T. In the year 1962, the company had created the first viable computer model for all types of financial analysis.
Then in the year 1971, the company had started its Sales & Trading business along with the business for doing Mergers & Acquisitions business for other companies. In the year 1997, the company had merged with Dean Witter Reynolds and Discover & Co - which was the financial service business spin-off from Sears Roebuck. The company had served as the lead underwriters for many other companies out there. This included Apple, Compaq, Cisco, Facebook, Dolby Laboratories, Google, Netscape, Priceline, Salesforce, etcetera. During the economic crisis of the year 2008, the company had faced a lot of problems. The company had also reported that it would be becoming a traditional bank holding company, which will be regulated by the Federal Reserve. The company had borrowed almost $107.3 billion from the Federal Reserve - the most among any bank. Then in the year 2009, the company had taken over Smith Barney from the Citigroup, and the company was renamed to Morgan Stanley Smith Barney - which was the largest wealth management business in the world. In the year 2013, the company had decided to invest $1 billion, in order to improve affordable housing, so that it will aid social, economic and environmental sustainability. The following year, the Asian private equity part of the company had raised almost $1.7 billion in funding. In the year 2015, the company had planned to cut down nearly 25 per cent of its fixed-income jobs. The headquarters of the company is based in 1585 Broadway. The name of the place is New York, while the name of the state is New York, USA. The pin code of the area is 10036.
Morgan Stanley is an American company that focuses on providing various kinds of financial services to its customers and clients, all around the world. The current CEO and chairman of the company are James P Gorman. As of the year 2017, the total revenue generated by the company is more than $37.9 billion. Also, the number of employees working at the company is more than 57,600. The company currently has its offices in around 42 different countries, across the globe. The company is also listed at number 67 in the Fortune 500 companies list, as of the year 2018.
The primary services provided by the company include allowing customers and clients to obtain various kinds of financial services offered by the company itself. The services provided by the company include investment banking service, commodities, sales and trading, wealth management services, prime brokerage, investment management, etcetera.
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