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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, ...
In 1981, Dean Witter Reynolds was acquired by Sears, Roebuck and Company in a $600 million transaction.
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.
The company operates in three business segments: Institutional Securities, Wealth Management, and Investment Management.
In July, 1993 Sears completed its spin off of Dean Witter Discover. Sears had purchased Dean Witter in 1981 and had created Discover in 1985. In 1995, Sears spun off Allstate to focus on its retail business.
'' Dean Witter, Discover, which traces its origins back to a brokerage firm founded by Dean Witter in San Francisco in 1924, was bought by Sears in 1981 for $661 million in cash and stock.
Our fixed income investment capabilities are driven by seven specialized teams ? Agency MBS, Broad Markets Fixed Income, Emerging Markets Debt, Floating-Rate Loans, High Yield, Municipals and Securitized ? which span the global fixed income capital markets.
New York-headquartered investment banking giant Morgan Stanley is divided into three main businesses: Institutional Securities, Investment Management, and Wealth Management.
The hierarchy at Morgan Stanley was: managing director, principal, vice president, associate, analyst, secretary. There was no senior/junior distinction among vice presidents or associates.
Morgan Stanley is a leading global investment bank and wealth management firm, employing more than 82,000 people worldwide. The company makes money primarily from three segments called Institutional securities, Wealth Management, and Investment Management.