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Dean Gooding Witter (August 2, 1887 – May 25, 1969) was an American businessman, stockbroker, and investor. With his brother Guy Witter and cousin Jean Witter, Dean Witter co-founded Dean Witter & Company in 1924, which became the largest investment house on the West Coast.
Dean Gooding Witter (August 2, 1887 – May 25, 1969) was an American businessman, stockbroker, and investor. With his brother Guy Witter and cousin Jean Witter, Dean Witter co-founded Dean Witter & Company in 1924, which became the largest investment house on the West Coast.
Morgan Stanley Dean Witter & Company, formed in 1997 through the merger of Morgan Stanley Group, Inc. and Dean Witter, Discover & Co., is an investment banking and retail brokerage firm. The company is made up of three primary divisions--securities, asset management, and credit services--and is one of the top retail brokerages in the United ...
Dean Witter - Morgan Stanley form No. 1 securities firm John Mack, then president of Morgan Stanley, agreed that the synergies were compelling. At the time of the merger, Dean Witter had more than 360 branch offices with 9,000 Account Executives.
Morgan Stanley and Dean Witter merged in 1997, creating America's largest asset management company and securities firm in terms of equity capital. The resulting name, Morgan Stanley, Dean Witter, Discover & Company, was shortened to Morgan Stanley in March 2001.
The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Discover & Co. in 1997. Dean Witter's chairman and CEO, Philip J. Purcell, became the chairman and CEO of the newly merged "Morgan Stanley Dean Witter Discover & Co." The new firm changed its name back to "Morgan Stanley" in 2001.
