TOP 100 COMPANIES

IMAGE: MORGAN STANLEY

Founded in 1935

CEO: James P. Gorman

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For more than 85 years, Morgan Stanley has been helping corporations, individuals, institutions and governments move money and achieve their financial goals.

One of the most reputable names in financial services, Morgan Stanley was founded in 1935; back then, it had a workforce numbering just 13, yet in its first year the firm handled more than US $ 1bn in public offerings and private placements, representing almost a quarter of the market share. Over the next decade, it played a key role in many significant transactions including as lead underwriter for the distribution of US $ 100m in debentures for the United States Steel Corporation in 1938. The following year, it was the lead syndicate for US rail financing.

During the remainder of the 20th century, Morgan Stanley remained at the heart of some of corporate America’ s largest and most historically significant public offerings and debt issuances. It worked side-by-side with some of the most familiar brands of American industry – including General Motors, IBM, and AT & T. The 1980s were defined by heady expansionism, the firm opening offices across Europe and Asia. Morgan Stanley became a public company in 1986 and moved its global headquarters to its current location at 1585 Broadway in 1995.

Today, the business employs over 70,000 people and is headed up by Chairman and CEO James Gorman. He has been CEO at Morgan Stanley since 2010, having previously held a succession of executive positions at Merrill Lynch and McKinsey – as well as being an attorney by training in his native Australia.

Banking United States

62 2023