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(''Dean Witter Discover'') and Morgan Stanley Group Inc. (''Morgan Stanley'') and was formed pursuant to a merger of equals that was effected on (the ''Merger''). MSDW was originally incorporated under the laws of the State of Delaware in 1981, and its predecessor companies date back to 1924.
New York-headquartered investment banking giant Morgan Stanley is divided into three main businesses: Institutional Securities, Investment Management, and Wealth Management.
Purcell was named chairman and chief executive of what became Morgan Stanley, Dean Witter, Discover & Company, later shortened to Morgan Stanley in March 2001. Mack stayed on as president until 2001.
Diversified Business Model: Morgan Stanley operates through three business segments: Institutional Securities, Wealth Management, and Investment Management. This diversification allows the company to generate stable revenues and profits, even in volatile market conditions.
Following Witter's death in 1969, and the retirement of Guy Witter the following year, Jean Witter's son, William M. Witter, became CEO of Dean Witter & Co.
New York: Morgan Stanley's New York Office is organized by industry and product groups including Business Services, Consumer Retail Group, Financial Institutions Group, Financial Sponsors Group, Global Power & Utilities Group, Healthcare, Industrials, Media & Communications, Mergers & Acquisition, Real Estate, ...
Examples of Industry Coverage Groups: Real Estate. Healthcare. Technology, Media & Telecom (TMT) Financial Sponsors Group (FSG) Financial Institutions Group (FIG) Technology. Public Finance. Industrials.
Industry/Coverage groups: Differentiated by what types of clients the groups serve. Typical groups include Healthcare, Technology, Media, Telecom (TMT), Financial Institutions Group (FIG), Natural Resources, Consumer & Retail (C&R), Industrials, Real Estate, Gaming and Lodging, and Financial Sponsors.