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Harold Stanley (October 2, 1885 – May 14, 1963) was an American businessman and one of the founders of Morgan Stanley in 1935. For 20 years, he ran Morgan Stanley until he left the firm in 1955.
Voted “Handsomest” and “Most Popular” in his graduating class, Harold Stanley was captain of the championship hockey team; coached freshman baseball; managed a musical club; and was active in college activities like city government and duck hunting.
The early 1940s saw the start of the firm's commitment to giving back, when founder Harold Stanley raised $1.5 million for the U.S. Committee for the Care of European Children. In 1947, the firm issued the first bond on behalf of the World Bank to fund post-war reconstruction in Europe.
After Congress forces banks to choose between serving commercial or institutional clients, Harold Stanley and Henry Morgan leave J.P. Morgan & Co. to open a new investment bank that bears their names.
The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. [ 7 ]
Harold Stanley (October 2, 1885 – May 14, 1963) was an American businessman and one of the founders of Morgan Stanley in 1935. For 20 years, he ran Morgan Stanley until he left the firm in 1955.
Harold Stanley (1885-1963) was an American banker and financier who co-founded the prestigious investment bank Morgan Stanley along with Henry Sturgis Morgan in 1935. Stanley had a successful career in banking and played a vital role in the development of Morgan Stanley as one of the leading investment banks in the world.
