Search results
Sep 25, 2012 · Morgan Stanley on September 11 announced an agreement with Citigroup to increase its majority ownership of MSWM such that Morgan Stanley will assume full control by June of 2015, subject to regulatory approval.
In the late 1980s, the retail brokerage firm Smith Barney was owned by Sanford I. Weill 's Primerica Corporation. Commercial Credit purchased Primerica in 1988, for $1.5 billion ($3,864,378,165 today).
In 2009, Morgan Stanley established a new broker-dealer that combined Morgan Stanley's Global Wealth Management Group with Citi's Smith Barney in the U.S., Quilter in the UK and Smith Barney Australia retail units into a new wealth management firm.
In 2009, Morgan Stanley purchased Smith Barney from Citigroup and the new broker-dealer operates under the name Morgan Stanley Smith Barney, the largest wealth management business in the world.
Company profile page for Morgan Stanley Smith Barney LLC including stock price, company news, executives, board members, and contact information.
They reached out to Citigroup CEO Vikram Pandit with a bold proposal: Morgan Stanley wanted to form a majority-owned joint venture with Citi’s Smith Barney unit with the goal of ultimately taking over the whole business.
Jun 21, 2013 · Morgan Stanley can finish buying out Citigroup from their retail brokerage joint venture after receiving permission from regulators to acquire the remaining 35 per cent.
