Welcome to our dedicated page for Morgan Stanley news (Ticker: MS), a resource for investors and traders seeking the latest updates and insights on Morgan Stanley stock.
Morgan Stanley reports developments across its global financial services franchise, including wealth management, investment management, institutional securities, private credit and capital markets activity. Recurring updates include Morgan Stanley Investment Management product launches, education resources for advisors, private credit financings, Eaton Vance fund actions, sustainable investing research and family office governance themes.
News also covers capital-structure and shareholder matters, operating and financial results, regulatory disclosures and governance updates tied to Morgan Stanley’s common stock, preferred securities, funds and finance subsidiaries.
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Sila Heating & Air Conditioning has appointed Jason Rabbino as the new Chief Executive Officer. With over 30 years of leadership experience, including his role at Towne Park, Rabbino aims to drive organic growth and further acquisitions for Sila. The company has established a strong presence in the HVAC industry, completing four acquisitions since being acquired by Morgan Stanley Capital Partners in May 2021. This leadership change is expected to enhance Sila's operational strategy and accelerate market growth.
Morgan Stanley (NYSE: MS) has partnered with Greenlight Financial Technology to offer families a complimentary Greenlight subscription to help teach children about personal finance. This initiative, aimed at CashPlus account holders, includes a debit card and a companion app that fosters money management skills in kids and teens. The service, valued at $4.99 monthly, covers automatic allowance payments, chore tracking, and flexible spending controls. This partnership aligns with Morgan Stanley's goal to support families in building long-term financial health.
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Morgan Stanley announced the full redemption of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H, with a liquidation preference of $25,000 per share, effective January 18, 2022. The redemption price for each Series H Depositary Share is set at $1,000, excluding any dividend that may be declared. After the redemption date, the Series H Depositary Shares will cease to accrue dividends and will no longer be considered outstanding. The redemption will be managed by The Bank of New York Mellon as the depositary.
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Morgan Stanley Investment Management announced a management change for the Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE: EDD). Effective immediately, Eric J. Baurmeister will no longer serve as a portfolio manager. Warren Mar and Sahil Tandon will continue their roles as portfolio managers. Morgan Stanley manages over $1.5 trillion in assets globally as of September 30, 2021, focusing on delivering strong long-term investment performance.
Morgan Stanley Investment Management announced a management change for the Morgan Stanley India Investment Fund, Inc. (NYSE: IIF). Effective December 31, 2021, Ruchir Sharma will step down as a portfolio manager, while Amay Hattangadi will continue in his role and be supported by analyst Saurabh Mishra. The Emerging Markets Equity team manages the Fund, with Sharma having been involved since January 2001 and Hattangadi since March 2019. As of September 30, 2021, Morgan Stanley manages over $1.5 trillion in assets globally.
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Morgan Stanley (NYSE: MS) announced the election of Erika James to its Board of Directors, effective January 1, 2022. Currently the Dean of the Wharton School, James brings expertise in crisis leadership and workplace diversity. James Gorman, Chairman and CEO, expressed optimism about her strategic insights benefiting the firm's diversity initiatives. James, a pioneering figure in business education, previously served as the Dean at Emory University’s Goizueta Business School. This appointment is expected to enhance the firm's leadership and management capabilities.