Wealth management

Morgan Stanley Merges Pair of Units

Published April 04, 2007, 1:00 a.m. EDT

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Updated April 03, 2007, 4:17 p.m. EDT

1 Min Read

Morgan Stanley has completed the merger of its two principal U.S. broker-dealers.

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As of April 1, Morgan Stanley & Co. Inc. and Morgan Stanley DW Inc. have been combined into a single broker-dealer under the name Morgan Stanley & Co. Inc. The merger will enhance the integration of products, services and processes across its various lines of business, the New York company said Tuesday.

Morgan Stanley provides a range of investment banking, securities, investment management, wealth management, and credit products and services. It serves clients worldwide, including corporations, governments, institutions, and individuals, from more than 600 offices in 31 countries.

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