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Harold Stanley (October 2, 1885 – May 14, 1963) was an American businessman and one of the founders of Morgan Stanley in 1935. For 20 years, he ran Morgan Stanley until he left the firm in 1955.
Learn about Harold Stanley, the leader of Morgan, Stanley and Company in the 1930s and 1940s. He defended the investment banking industry against government regulation and built a strong position in securities offerings.
Learn how Harold Stanley and Henry Morgan left J.P. Morgan & Co. to create a new investment bank in 1925, and how they built a culture of excellence and client service. Explore the backstory of the Roaring Twenties, the Glass-Steagall Act and the founding of Morgan Stanley.
The early 1940s saw the start of the firm's commitment to giving back, when founder Harold Stanley raised $1.5 million for the U.S. Committee for the Care of European Children. In 1947, the firm issued the first bond on behalf of the World Bank to fund post-war reconstruction in Europe.
The Founding. Along with co-founders Henry S. Morgan and Harold R. Stanley, the firm launched with a staff of 13 and four other officers: William Ewing, Perry E. Hall, Edward H. York, Jr. and John M. Young. One week after its launch, Morgan Stanley made its debut in the bond market with a $19 million offering for Consumers Power Company.
Harold Stanley (1885-1963) was an American banker and financier who co-founded the prestigious investment bank Morgan Stanley along with Henry Sturgis Morgan in 1935. Stanley had a successful career in banking and played a vital role in the development of Morgan Stanley as one of the leading investment banks in the world.
Succeeding co-founder Harold Stanley, Perry Hall assumed the presidency of Morgan Stanley in 1951, leading the firm for the next decade. As president from 1951-1961, Hall guided Morgan Stanley into new areas like publicly offering bonds for the World Bank and General Motors.
