Search results
People also ask
Who owns 51 percent of Smith Barney?
Who owns Morgan Stanley Smith Barney?
Why did Morgan Stanley buy Smith Barney & Citigroup?
What is Morgan Stanley Smith Barney?
Jun 1, 2009 · Morgan Stanley, under the stewardship of co-president and chairman of the JV James Gorman, will own 51 percent. Charlie Johnston, the 20-year veteran of Smith Barney, will stay on as president...
Sep 11, 2012 · It is a victory for Morgan Stanley, which bought 51 percent of Smith Barney from Citi during the height of the financial crisis in January 2009. CEO James Gorman is keen to up Morgan Stanley's...
On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of Citi Global Wealth Management.
On January 13, 2009, the Global Wealth Management Group was merged with Citi's Smith Barney to form Morgan Stanley Smith Barney. Morgan Stanley owned 51% of the entity, and Citi held 49%. On May 31, 2012, Morgan Stanley exercised its option to purchase an additional 14% of the joint venture from Citi.
Sep 11, 2012 · It is a victory for Morgan Stanley, which bought 51 percent of Smith Barney from Citi during the height of the financial crisis in January 2009. CEO James Gorman is keen to up Morgan...
Jul 16, 2015 · The acquisition of the Smith Barney brokerage business from Citigroup is hailed as one of the transformational moments in Morgan Stanley’s reinvention. Now, the price that Morgan Stanley paid Citi looks like a steal.
Jun 21, 2013 · Morgan Stanley agreed to buy 51 per cent of Smith Barney from Citi in 2009 during the depths of the financial crisis. It struck a deal last year to buy the rest of the brokerage in stages.
