Morgan Stanley - a major American bank holding company (an investment bank until September 2008, now - commercial), referring to the number of financial conglomerates.
Type - Public company
Year of construction - 1935
Location - New York, USA
Assets - $ 832.7 billion (2013)
Number of employees - 55 794 (2013)
Morgan Stanley office in Times Square in New York City
The bank was founded in New York, September 5, 1935 Henry Morgan (Henry S. Morgan) and Harald Stanley, who were among the shareholders of the bank JP Morgan & Co., by separating from the parent company (JP Morgan & Co). Such a division of the company's investment and commercial banks was caused by the Glass-Steagall Act.
During the first year of the bank took 24% market share of IPOs (IPO). In 1964, Morgan Stanley has created the first successful computer model for the analysis of financial markets. By 1971, the bank was one of the major players in the market of mergers and acquisitions and stock trading. In 1986, Morgan Stanley Group Inc. held an initial public offering (IPO) of its own shares, that is, became a public company. In 1996, Morgan Stanley acquires Van Kampen American Capital, leading companies engaged in mutual investments.
February 5, 1997 merged with Dean Witter and Discover & Co, a subsidiary of the breakaway Sears Roebuck. Morgan Stanley previously worked with corporate and institutional investors, and Dean Witter Discover credit cards produced and provided brokerage services to private investors. Led the combined company Purcell, who led before Dean Witter Discover. The combined company called «Morgan Stanley Dean Witter & Co.» until 2001. Later, the company acquired its current name (the board decided that a shorter name promotes the brand of the bank). The merger was controversial for both banks, so the merged company lost the status of "blue chips".
In September 2001, Morgan Stanley Bank held 12 floors in the terrorists attacked the World Trade Center towers.
December 19, 2006 Morgan Stanley announced the separation from the company's unit dealing with credit cards, Discover Card.
In 2007, the company lost $ 9 billion in mortgage securities
September 22, 2008 Morgan Stanley announced that the bank will be the traditional banking corporation under the laws of the United States, regulated by the Federal Reserve USA. Approval of this transformation the Federal Reserve actually completed the era of "Wall Street" (the separation of commercial banks and investment banks that existed 75 years).
In January 2009, Morgan Stanley announced a joint business with Citi in the management of large private equity clients (Private Wealth Management). The transaction was completed on June 1, 2009. The transaction was the company Morgan Stanley Smith Barney (MSSB) c stakes 51% Morgan Stanley and 49% Citi. Morgan Stanley also received the right-option to purchase shares of Citi's business. In MSSB employs about 18,000 investment advisers with a total client assets at 1.7 trillion US dollars. In late September 2012, the company was renamed MSSB Morgan Stanley Wealth Management.
Morgan Stanley took 30th place in the list of largest US companies, Fortune 500 in 2009
Morgan Stanley, in carrying out its activities through subsidiaries and affiliates, provides a range of financial services to customers, including corporate and private consumers, government and financial institutions. Bank consists of three divisions:
- Management of corporate securities
- Wealth Management
- Asset management
Management of corporate securities deals:
- An increase in capitalization
- Financial advice (including mergers and acquisitions, restructuring, real estate and project finance)
- Exchange activity: exchange trading, the formation of market shares and securities and fixed income securities and other products related to the activities of the exchange (forex trading, trading on commodity exchanges)
- Risk Management
- Research and investment activities
- Provision of underwriting
Division dedicated to private wealth management, provides the following services:
- Brokerage services and investment advice
- Services of financial planners and planning conditions
- Lending and other borrowing services
- Cash management
- Trust services
This unit works with wealthy private investors and organizations with high net worth.
Trust management - an important area of the bank. Morgan Stanley is engaged in trust management of securities, fixed income securities (bonds, preferred shares), alternative investments. Morgan Stanley provides services to corporate investors and organizations around the world, including pension funds, corporations, private investment funds, non-profit organizations, government agencies, insurance companies and banks. In the market, this division is represented under the brands Morgan Stanley and Van Kampen. For private clients asset management services are provided through public funds and separately managed accounts.
Representative office in Russia since 1994.