Morgan Stanley is an American multinational investment bank and financial services firm headquartered in Midtown Manhattan, New York City. It operates in 41 countries and employs over 75,000 people, serving a diverse clientele that includes corporations, governments, institutions, and individuals. In 2023, Morgan Stanley ranked 61st on the Fortune 500 list and 30th on Forbes' Global 2000.
Founded on September 16, 1935, by partners including Henry Sturgis Morgan and Harold Stanley, the firm emerged in response to the Glass–Steagall Act, which separated commercial and investment banking. In its inaugural year, it captured a 24% market share in public offerings and private placements.
In 1997, Morgan Stanley merged with Dean Witter Discover & Co., with Dean Witter's CEO, Philip J. Purcell, leading the new entity. The firm reverted to the name "Morgan Stanley" in 2001. Today, it focuses on institutional securities, wealth management, and investment management, and is recognized as systemically important by the Financial Stability Board.
About the Creator
SK
Sajawal is an 18-year-old student in Class 13, known for his curiosity and determination. With his fair complexion and thoughtful demeanor, Sajawal stands out among his peers. He is dedicated to his studies and has a passion for storytellin
Dog Shoes for Small Dogs and Puppy Shoes A Practical, Paw-Friendly Guide
Small dogs and puppies may look tough, but their paws often need more protection than people realize. Their bodies are lighter, their paws are smaller, and many of them spend a lot of time on surfaces that were never designed for delicate paw pads. Add cold sidewalks, hot pavement, rough gravel, wet grass, or even slippery indoor floors, and you start to see why dog footwear has become more than just a cute trend.
By aliyashahzadiabout 5 hours ago in Art
Comments
There are no comments for this story
Be the first to respond and start the conversation.