Morgan Stanley, like most other financial firms, has suffered several recent setbacks: For the fourth quarter 2008, Morgan Stanley posted a $2.36 billion loss. Morgan Stanley announced that it will cut up to 1,800 jobs (about 4% of its empl...more

Morgan Stanley, like most other financial firms, has suffered several recent setbacks: For the fourth quarter 2008, Morgan Stanley posted a $2.36 billion loss. Morgan Stanley announced that it will cut up to 1,800 jobs (about 4% of its employees).

In October 2008, Morgan Stanley transformed itself into a bank holding company so that it could begin accepting deposits. Additionally, it sealed a deal with Mitsubishi UFJ Financial Group in which it received $9 billion dollars in exchange for giving Mitsubishi a 21% stake in the firm. Also, it received $10 billion in TARP money.

Despite these setbacks, Morgan Stanley appears to be doing comparatively well in relation to its peers: It has poached a number of employees from peers such as Merrill Lynch. Also, in January 2009 it announced a deal to merge its brokerage unit with Smith Barney's brokerage business and will control 51% of the merged entity. less

Global Wealth Management offers financial and wealth planning, trust and banking, annuity and insurance, retirement plan and brokerage and investment services to individuals and small to medium size businesses.

Institutional Securit...more

Global Wealth Management offers financial and wealth planning, trust and banking, annuity and insurance, retirement plan and brokerage and investment services to individuals and small to medium size businesses.

Institutional Securities includes Morgan Stanley's investment banking, sales and trading, research and risk management divisions.

Investment Management offers equity and fixed income alternative investment products as well as asset management products and services. less

1935: Henry S. Morgan, Harold Stanley and others leave JP Morgan & Co. to form the investment banking firm of Morgan Stanley.
1936: Morgan Stanley managed $1.1 billion in public offerings and private placements, which comprises a 24% ma...more

1935: Henry S. Morgan, Harold Stanley and others leave JP Morgan & Co. to form the investment banking firm of Morgan Stanley.
1936: Morgan Stanley managed $1.1 billion in public offerings and private placements, which comprises a 24% market share.
1942: Joins the New York Stock Exchange.
1962: Creates first computer model for financial analysis.
1967: Opens Morgan & Cie, International in Paris (with Morgan Guaranty Trust Co.) to pursue growing European securities market.
1971: Enters sales and trading business at the urging of Bob Baldwin and establishes mergers & acquisitions division.
1977: Forms Morgan Stanley Realty Incorporated and Private Wealth Management Department.
1980s: Opens a number of international offices including offices in Frankfurt, Hong Kong, Melbourne, Milan, Sydney and Zurich and expands London and Tokyo offices.
1984: Introduces Prime Brokerage Services.
1990s: Continues international expansion, opening offices in Amsterdam, Beijing, Buenos Aires, Geneva, Johannesburg, Madrid, Mexico City, Moscow, Mumbai, Paris, Seoul, Shanghai, Singapore and Stockholm.
1997: Morgan Stanley Group, Inc. and Dean Witter, Discover & Co. merge.
2002: Creates new Global Capital Markets Group, combining equity, debt and leverage finance departments.
2003: Ats as sole advisor to FleetBoston Financial in its $47 billion merger with Bank of America.
2004: Co-manages $1.9 billion auction IPO for Google.
2006: Opens first office in Middle East in Dubai.
2008: Becomes a bank holding company and forms a strategic alliance with Mitsubishi UFJ Group.
2009: Merges its prime brokerage unit with Smith Barney's prime brokerage unit and takes a 51% stake in the combined entity. less

John Mack is Chairman of the Board and Chief Executive Officer of Morgan Stanley, a position he has held since June 2005. Prior to assuming that role he worked at Morgan Stanley for 30 years in various positions including President, Chief O...more

John Mack is Chairman of the Board and Chief Executive Officer of Morgan Stanley, a position he has held since June 2005. Prior to assuming that role he worked at Morgan Stanley for 30 years in various positions including President, Chief Operating Officer and a Director. less

Morgan Stanley's clients include governments, other financial firms, institutions, corporations and high net worth individuals.

The firm is considered to be very prestigious and very professional. It is considered to be a very traditional and conservative firm and somewhat of an "old boy's club." Compensation is considered very competitive, but many employees compla...more

The firm is considered to be very prestigious and very professional. It is considered to be a very traditional and conservative firm and somewhat of an "old boy's club." Compensation is considered very competitive, but many employees complain about long work hours, even for investment banking. less

www.morganstanley.com

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