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We are a global financial services firm that, through our subsidiaries and
affiliates, advises, and originates, trades, manages and distributes capital for
governments, institutions and individuals. We were originally incorporated under
the laws of the State of Delaware in 1981, and our predecessor companies date
back to 1924. We are a financial holding company ("FHC") regulated by the Board
of Governors of the Federal Reserve System ("Federal Reserve") under the Bank
Holding Company Act of 1956, as amended ("BHC Act"). We conduct our business
from our headquarters in and around New York City, our regional offices and
branches throughout the U.S. and our principal offices in London, Tokyo, Hong
Kong and other world financial centers. Unless the context otherwise requires,
the terms "Morgan Stanley," the "Firm," "us," "we" and "our" mean Morgan Stanley
(the "Parent Company") together with its consolidated subsidiaries.
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