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Jonathan Steinmetz

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Morgan Stanley is an investment banking and global financial services corporation headquartered in New York City. It serves a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 33 countries around the world with 600 offices, with an approximate employee workforce of 45,000. The company reports US$749 billion as assets under its management.

The corporation, formed by ex-J.P. Morgan & Co. employees Henry S. Morgan, Harold Stanley and others, came into existence on September 16, 1935. In its first year the company operated with a 24% market share in public offerings and private placements. The main areas of business for the firm today are Global Wealth Management, Institutional Securities and Investment Management. The company found itself in the midst of a management crisis in the late 90s that saw it lose a lot of talent and competence and ultimately saw the firing of its then CEO Philip Purcell in 2005. Since then Morgan Stanley has been undergoing a massive restructuring which also involved job cuts across various of its businesses.

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