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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.
Harold Stanley. Morgan, Stanley and Company. 1935–1955. Industry: Finance. Era: 1930. Having made a name for himself at JP Morgan prior to the Banking Act of 1933, Stanley became a leader in the newly independent investment banking industry.
The son of engineer William Stanley, whose inventions ranged from a game-changing transformer to an all-steel vacuum flask, Harold Stanley told Yale classmates that he wanted to go into business.
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.
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.
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.
