The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. [7]

Founded in 1935 as a partnership with a staff of just 13, Morgan Stanley is now a global financial services firm operating in more than 40 countries with over 80,000 employees.

Along with co-founders Henry S. Morgan and Harold R. Stanley, the firm launched with a staff of 13 and four other officers: William Ewing, Perry E. Hall, Edward H. York, Jr. and John M. Young. One week after its launch, Morgan Stanley made its debut in the bond market with a $19 million offering for Consumers Power Company.

Henry Sturgis Morgan Sr. (October 24, 1900 – February 8, 1982) was an English born American banker, known for being the co-founder of Morgan Stanley and the president and chairman of the Morgan Library & Museum.

Succeeding co-founder Harold Stanley, Perry Hall assumed the presidency of Morgan Stanley in 1951, leading the firm for the next decade. As president from 1951-1961, Hall guided Morgan …

Soon afterwards in 1997, it merged successfully with Dean Witter Reynolds and Discover & Co., which later took on the name as Morgan Stanley firm. The company, throughout the course of its history, has gathered much praise for its accomplishments.

Henry Sturgis Morgan (1900-1982) Henry S. Morgan Sr., of New York & Northport, L.I. Co-Founder of Morgan Stanley

During 1950s and 1960s, Morgan Stanley continues to be a leader in helping blue-chip clients tap public markets to finance growth and innovation. A new generation leads the charge into new businesses and markets to become a truly global investment bank.

Apr 5, 2025 · Morgan Stanley is a legacy American financial institution founded in 1935 and headquartered in New York City. The company’s creation resulted from the passage of the Glass-Steagall Act, which required banks to separate their commercial banking and …

Feb 17, 2020 · Morgan Stanley is an American multinational investment bank and financial services company headquartered in New York City, New York. It was originally founded as Morgan Stanley Group, Inc. by Harold Stanley and Henry S. Morgan (grandson of J.P. Morgan) on September 16, 1935.