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Sep 25, 2012 · Morgan Stanley (NYSE: MS) today announced that its U.S. wealth management business, Morgan Stanley Smith Barney, has been renamed Morgan Stanley Wealth Management (MSWM).
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On January 13, 2009, Morgan Stanley and Citigroup announced the merger of Smith Barney with Morgan Stanley's Global Wealth Management Group, with Morgan Stanley paying $2.7 billion cash upfront to Citigroup for a 51% stake in the joint venture.
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Morgan Stanley Makes a Bold Move with Smith Barney Joint Venture. Within weeks of securing capital to get Morgan Stanley through the 2008 financial crisis, the firm’s co-president James Gorman and CEO John Mack decided to make a big move on wealth management.
Jan 13, 2009 · It’s official — Morgan Stanley and Smith Barney are forming a joint venture, to be called Morgan Stanley Smith Barney, according to a joint statement released late Tuesday by Citigroup Inc ...
