Morgan Stanley

Banking

A premier global financial services firm, Morgan Stanley balances top-tier institutional investment banking with a massive, dominant wealth management business.

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Quick Facts

Founded: 1935
Founders: Henry Sturgis Morgan & Harold Stanley
Headquarters: New York, USA
Industry: Investment Banking & Wealth Management

About Morgan Stanley

Morgan Stanley was born in 1935 as a direct result of the Glass-Steagall Act, which forced J.P. Morgan & Co. to split its commercial and investment banking businesses. Henry S. Morgan (J.P. Morgan's grandson) and Harold Stanley left to form Morgan Stanley, capturing the premier investment banking business.

Following the 2008 financial crisis, Morgan Stanley made a strategic pivot under CEO James Gorman to focus heavily on Wealth Management (acquiring Smith Barney, E*TRADE, and Eaton Vance). This created a highly stable, fee-based revenue stream to balance out the volatile trading and M&A advisory business. The firm operates major technology and operations hubs across India.

What Morgan Stanley Does

Institutional Securities

M&A advisory, restructuring, capital raising, and institutional trading.

Wealth Management

Providing comprehensive financial planning and investment advice to affluent clients.

Investment Management

Managing massive mutual funds and institutional portfolios.

Technology & Data

Developing low-latency trading systems and cybersecurity infrastructure.

Career Areas

Types of professional roles found inside Morgan Stanley.

Software Engineering & IT
Wealth Management Analyst
Investment Banking (M&A)
Quantitative Analytics
Operations & Risk

Morgan Stanley's History

1935
Founded
Formed following the Glass-Steagall Act mandated split of J.P. Morgan.
1997
Dean Witter merger
Merges with retail brokerage Dean Witter Discover, expanding its retail presence.
2009
Smith Barney
Acquires Smith Barney from Citi, beginning its massive pivot toward wealth management.
2020
E*TRADE acquisition
Acquires E*TRADE for $13 billion to capture the direct-to-consumer digital brokerage market.

Purpose & Values

“First-class business in a first-class way”

Morgan Stanley emphasizes its core values: putting clients first, doing the right thing, leading with exceptional ideas, and committing to diversity and inclusion.

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