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Morgan Stanley and Dean Witter merged in 1997, creating America's largest asset management company and securities firm in terms of equity capital. The resulting name, Morgan Stanley, Dean Witter, Discover & Company, was shortened to Morgan Stanley in March 2001.
The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Discover & Co. in 1997. Dean Witter's Chairman and CEO, Philip J. Morgan Stanley - Wikipedia Wikipedia ? wiki ? Morgan_Stanley Wikipedia ? wiki ? Morgan_Stanley
E*TRADE is now E*TRADE from Morgan Stanley. Since our founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Underpinning all that we do are five core values. E*TRADE from Morgan Stanley morganstanley.com ? wealth-management morganstanley.com ? wealth-management
J.P. Morgan & Co. opted to focus on commercial banking, which was considered to be more lucrative and more prestigious after the stock market crash soured public opinion about Wall Street. Morgan Stanley was created as a separate investment bank, drawing in capital and talent from J.P. Morgan's operations. Our History ? Morgan Stanley morganstanley.com ? timeline ? era-1 morganstanley.com ? timeline ? era-1
The company was acquired by Sears in 1981, and was renamed "Dean Witter, Discover & Co." in 1993 when Sears spun off the company. The company also owned Discover Card. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to form "Morgan Stanley Dean Witter & Discover Co.".
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. Morgan Stanley vs JP Morgan - Congrapps congrapps.com ? blog ? morgan-stanley-vs-jp-mo... congrapps.com ? blog ? morgan-stanley-vs-jp-mo...
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.