Morgan Stanley Bank

By: EconomyWatch Content   Date: 5 November 2009

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With over 45,000 employees in its 600 offices across 30 countries, Morgan Stanley Bank is a leading global financial services provider. Based in the United States, the bank provides financial products and services to individuals, institutions and government agencies. 

Morgan Stanley Bank: History

The formation of Morgan Stanley Bank is associated with JPMorgan & Co. Once the 1933 Glass-Steagall Act was passed, no corporation could be involved in both investment banking and retail banking under one entity. While JPMorgan & Co stayed in the business of retail banking, some employees of the company joined some people from Drexel Partners. Hence, Morgan Stanley was formed and formally began its operations on September 16, 1935 on the Wall Street, New York City.

After playing a leading role in the distribution of debentures for the United States Steel Corporation in 1938 and in US rail financing in 1939, Morgan Stanley went through reorganization in 1941 to become more active in the securities business.

From 1951 to 1961, the company co-managed the World Bank's triple-A-rated bonds under the leadership of founder Perry Hall. In 1962, Morgan Stanley started a new trend in financial analysis by creating the first viable computer model for this purpose. Since the late 1960s to the 1970s, Morgan Stanley expanded geographically and also started operating in the fields of real estate, sales and trading and private wealth management.

Morgan Stanley Bank: Products and Services

Morgan Stanley Bank offers a variety of investment products to suit diverse needs. Some of these are:

  • Stocks and bonds

  • Mutual funds and closed-end funds

  • Annuities

  • Credit and lending services

  • Insurance

  • Managed futures

  • Unit Investment trusts

  • Alternative and structured investments

The major services on offer are:

  • Sales and Trading: The firm’s Institutional Equity and Fixed Income divisions deal in various derivatives, credit products and commodities.

  • Investment Banking: Among the leading companies in equity underwriting, mergers and acquisitions and debt financing, the Investment Banking section offers capital-raising and financial advisory services to corporations and governments.

  • Investment Management: Morgan Stanley provides measurable performance in long-term investment solutions.

The British daily ‘Sunday Times’ ranked Morgan Stanley among "The 20 Best Companies to Work for 2009." The firm’s analysts and researchers have won several laurels across the world for innovation in the field of financial products and services.


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