Morgan Stanley Organizational Structure & Org Chart

Morgan Stanley organizational chart

Use this org chart

Morgan Stanley's reporting structure as of 2026-11. Drag to pan, scroll to zoom — or open it in QueryChart and edit it as your own.

About the company

Morgan Stanley is a global financial services firm that serves corporations, governments, financial institutions and individual investors. Its fiscal 2025 Form 10-K describes an Integrated Firm in which three segments serve clients together rather than as separate silos. Full-year 2025 net revenues were $70.6 billion, up from $61.8 billion in 2024, and net income applicable to Morgan Stanley was $16.9 billion.

The chart is organized by those reported segments because a full management hierarchy is not published. Segment branches show publicly described business lines, and the leadership list draws on the executive officers named in the 10-K as of February 2026. It is a portfolio view of how the firm reports itself, not a legal-entity or reporting-line chart.

Three segments and an integrated-firm strategy

Institutional Securities, the largest segment by 2025 revenue at about $33.1 billion, serves corporate and institutional clients with advisory, capital raising, lending and a Markets business made up of Equity and Fixed Income sales and trading, financing and prime brokerage.

Wealth Management, with record 2025 net revenues of about $31.75 billion, serves individuals and businesses through financial advisors, the E*TRADE platform and workplace offerings. Investment Management, at about $6.5 billion of 2025 revenue, manages assets and distributes investment products through the firm's own channels and others.

Together Wealth Management and Investment Management ended 2025 with about $9.3 trillion of client assets, helped by roughly $350 billion of net new assets. That scale is why the firm talks about stable fee-based revenue next to cyclical trading, and why the wealth segment is drawn at the same level as the institutional bank.

Key leadership roles

1. Edward (Ted) Pick

   Chairman and Chief Executive Officer

2. Andrew (Andy) Saperstein

   Co-President

3. Daniel Simkowitz

   Co-President and Chief Risk Officer

4. Sharon Yeshaya

   Chief Financial Officer

5. Eric Grossman

   Chief Legal Officer and Chief Administrative Officer

6. Mandell Crawley

   Chief Client Officer

How this structure supports the business

Three reported segments give investors and clients a simple map of three very different economics: episodic institutional deal and trading revenue, recurring wealth fees and asset-management fees.

The integrated-firm idea lets the institutional bank source deals and products that the wealth and investment arms can place with individuals, which a purely separate structure would not encourage.

Advantages and disadvantages

Wealth and asset management add recurring revenue that smooths the cycle of trading and advisory income.

Scale in wealth depends on advisor retention and client asset flows, which markets can reverse.

An integrated firm lets one client relationship draw on several segments.

Shared clients, products and technology cross segment lines that a three-box chart cannot show.

Interesting facts

• Full-year 2025 net revenues were $70.6 billion versus $61.8 billion in 2024.
• Net income applicable to Morgan Stanley was $16.9 billion in 2025.
• Wealth Management posted record 2025 net revenues of about $31.75 billion.
• Client assets across wealth and investment management reached about $9.3 trillion.
• The 10-K reports approximately 83,000 employees in 42 countries at year-end 2025.

Related organization charts

• Berkshire Hathaway Organizational Structure & Subsidiaries
• UnitedHealth Group Organizational Structure & Org Chart
• Johnson & Johnson Organizational Structure & Org Chart
• JPMorgan Chase Organizational Structure & Org Chart
• Bank of America Organizational Structure & Org Chart
• Wells Fargo Organizational Structure & Org Chart
• Citigroup Organizational Structure & Org Chart
• Capital One Organizational Structure & Org Chart

Frequently asked questions

What are Morgan Stanley's three business segments?

Institutional Securities, Wealth Management and Investment Management, as reported in its 2025 Form 10-K.

Who runs Morgan Stanley?

Ted Pick has been chief executive officer since January 2024 and chairman since January 2025, with Andy Saperstein and Dan Simkowitz as co-presidents.

Is Wealth Management now larger than the institutional business?

By 2025 net revenues the two were close, at about $31.75 billion for Wealth Management against about $33.1 billion for Institutional Securities.

Use this org chart template

Open the dated Morgan Stanley business map in QueryChart and adapt the editable groups to your own organization.

Use this org chart