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While the naming may indicate that they are similar companies, they are independent entities. J.P Morgan's grandson, Henry Morgan, founded Morgan Stanley in 1935. As such, Morgan Stanley is a standalone investment bank and does not currently have any relations with J.P. Morgan.
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.
Top 10 Owners of Morgan Stanley StockholderStakeShares ownedSSgA Funds Management, Inc.6.75%111,790,911The Vanguard Group, Inc.6.29%104,256,483BlackRock Fund Advisors3.47%57,548,769JPMorgan Investment Management, I...2.38%39,406,5596 more rows
Shareholders NameEquities%MITSUBISHI UFJ FINANCIAL GROUP, INC 22.76 %377,085,16722.76 %The Vanguard Group, Inc. 6.363 %105,425,7976.363 %Capital Research & Management Co. (Global Investors) 2.359 %39,088,3592.359 %Wellington Management Co. LLP 1.992 %33,008,9901.992 %6 more rows
(''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.
Largest shareholders include Mitsubishi Ufj Financial Group Inc, State Street Corp, Vanguard Group Inc, BlackRock Inc., Jpmorgan Chase & Co, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Wellington Management Group Llp, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, ...
Top 10 Owners of Morgan Stanley StockholderStakeShares ownedThe Vanguard Group, Inc.6.29%104,256,483BlackRock Fund Advisors3.47%57,548,769JPMorgan Investment Management, I...2.38%39,406,559Wellington Management Co. LLP1.98%32,819,6166 more rows
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.