Morgan Stanley operates as an international investment banking and financial services firm based in Midtown Manhattan, New York City. The firm has offices in 42 different countries and employs over 60,000 people.
They provide legal services to corporations, government agencies, individual citizens, and other institutions. Morgan Stanley was 67th on the Fortune 500 ranking of the largest U.S. companies by revenue in 2018.
|Firm name||Morgan Stanley|
|Founded by||Harold Stanley, Henry Sturgis Morgan, Dean G. Witter, Richard S. Reynolds, Jr.|
|CEO of Morgan Stanley||James P. Gorman|
|James P. Gorman Net Worth||$144 Million (Last updated 2022)|
|Located in (Headquarters)||Morgan Stanley Building, New York, U.S.|
|No. of Employees||68,100|
|Morgan Stanley Net Worth||$150 billion (Last updated 2022)|
Morgan Stanley Net Worth
As of April 2022, Morgan Stanley’s net worth is $150 billion.
Morgan Stanley overview
Through its subsidiaries and affiliates, Morgan Stanley provides institutional, government, and private clients with investment advice, origination, trading, and management services. Three business segments make up the company: Wealth Management, Investment Management, and Institutional Securities.
In the beginning, Morgan Stanley was founded by J.P. Morgan & Co. shareholders Harold Stanley, Henry Sturgis Morgan. The company was established on September 16, 1935, following the Glass-Steagall Act that separated investment banking from commercial banking. The company secured a market share of 24 percent (US$1.1 billion) in its first year of operation.
Morgan Stanley as we know it today is the result of the 1997 merger between the original Morgan Stanley and Dean Witter Discover & Co. Philip J. Purcell was appointed chief executive officer and chairman of the new Morgan Stanley Dean Witter Discover & Co. In 2001, the new firm returned to its original name of Morgan Stanley.