Morgan Stanley’s name commands great respect in the financial services industry, and working at this iconic investment bank opens many doors. Career options at Morgan Stanley span commercial and investment banking, data analytics, technology, veterans employment and diversity within their workforce. Morgan Stanley strives to promote diversity within its workforce by employing women of various races, gender identities and disabilities as well as veterans; additionally they support charitable efforts helping children in need and those less fortunate than themselves.
Morgan Stanley was established in 1935 by Henry S. Morgan (grandson of J.P. Morgan), Harold Stanley and other investors. Its primary revenue streams include Institutional Securities, Wealth Management and Investment Management services; its investment banking operation rivals those offered by JPMorgan Chase & Co (JPM) and Wells Fargo & Co (WFC); it is also one of the leading underwriters for initial public offerings (IPOs) and debt instruments.
RBC Capital Markets recently appointed Robert Cohen, its former head of pharmaceutical services investment banking and healthcare sponsorship coverage, as the new head of its global healthcare services group effective June 2. The appointment follows a reorganization within their investment banking division to focus on growth opportunities within healthcare while expanding their presence within digital healthcare technology.
Cohen will now oversee the bank’s healthcare advisory business and report to Victorino Hinora, its global head of equity client solutions. Its wealth management division is headquartered in New York City with multiple global locations.
Morgan Stanley employs over 8,000 workers worldwide and is considered an “systemically important” bank by the Financial Stability Board. Morgan Stanley was formed through a 1997 merger between Dean Witter Discover & Co and Morgan Stanley.
Recently, Bank of Ireland has faced challenges as investors have grown more wary about its future amid concerns of an excess supply of debt in credit markets and slow economic growth. Despite these challenges, the company remains optimistic and has undertaken several strategies to secure its position within the financial services industry. Recently, Credit Suisse announced plans to add more staff in their investment banking division, revamp its global asset management business, and purchase multifamily office Veritable to further expand their presence within the high net-worth space.
Additionally, the company has joined forces with the University of Pennsylvania to open a global healthcare innovation center in Philadelphia. This expansion will help recruit more healthcare talent specializing in genomics, artificial intelligence and the Internet of Things. Morgan Stanley will also help fund research into new technologies that could dramatically enhance quality of life worldwide for billions of people, such as healthcare-focused startup Ambrx (backed by Morgan Stanley in 2018).
