MORGAN STANLEY

# Morgan Stanley

A financial holding company incorporated in Delaware and headquartered in New York, Morgan Stanley operates as a diversified global financial services firm serving governments, financial institutions, and individual clients across the Americas, Asia, Europe, the Middle East, and Africa. The company provides capital markets services including underwriting of debt and equity securities, merger and acquisition advisory, restructuring advisory, and project finance. It offers sales and trading services in equities and fixed income instruments, along with prime brokerage and market-making capabilities.

The company's business is organized into three primary segments. Institutional Securities encompasses capital raising, financial advisory, and trading operations. Wealth Management provides financial advisor-led brokerage, investment advisory, financial planning, and lending services to high-net-worth clients, including securities-based lending and residential and commercial real estate loans. Investment Management delivers portfolio management and advisory services across equities, fixed income, alternatives, and solutions to institutional clients including pension plans, foundations, endowments, sovereign wealth funds, insurance companies, and corporations.

Morgan Stanley employed approximately 83,000 full-time employees as of the reporting period. The firm maintains significant scale across global markets, with operations spanning multiple regions and serving a broad client base ranging from multinational corporations and government entities to individual investors. The company also offers ancillary services including research, stock plan administration, custody, and retirement plan services.