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Last update: 2016-09-09 12:35:10
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Morgan Stanley was one of the four investment banks that for decades ruled on Wall Street (with Lehman Brothers, Merril Lynch and JPMorgan Chase). The corporation, founded by Henry S. Morgan (grandson of J.P. Morgan) and Harold Stanley, came into existence in 1935.
In 2008, the Federal Reserve allowed Morgan Stanley to change its status from investment bank to bank holding company. The main areas of business for the firm today are global wealth management (jointly with Citi under the name Morgan Stanley Smith Barney), institutional securities and investment management, with further business in carbon trading and corporate finance.
NY 10036 New York
Mr. James Gorman |
Chairman & CEO
|Annual report||Annual Report 2015|
listed on NYSE Euronext
Voluntary initiativesMorgan Stanley has committed itself to the following voluntary standards:
BankTrack campaigns and Morgan Stanley
True leader Front runner Follower Laggard
BankTrack has assessed Morgan Stanley on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Morgan Stanley is assessed as a Laggard, with a total score of 2/12.
Wall Street turns its back on Mountaintop Removal coal mining
After sustained campaigning by RAN, eight of Wall Street's biggest banks have developed public policies limiting their appetite for investment in mountaintop removal (MTR) coal mining. By 2011, MTR policies or statements had been released by banks including Credit Suisse, JP Morgan Chase, Morgan Stanley and Wells Fargo, PNC bank and UBS. The policies were assessed by RAN in the 2011 MTR report card. RAN and others continue to scrutinize implementation of these policies.