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Dean Gooding Witter (August 2, 1887 – May 25, 1969) was an American businessman, stockbroker, and investor. With his brother Guy Witter and cousin Jean Witter, Dean Witter co-founded Dean Witter & Company in 1924, which became the largest investment house on the West Coast.
- 1914–1969
- Founder of Dean Witter Reynolds
Dean Witter & Company was founded by Dean G. Witter (together with his brother Guy Witter and cousin Jean Witter) as a retail brokerage firm in 1924. [2] [10] With its original offices at 45 Montgomery Street in San Francisco, California , Dean Witter would be among the largest brokerages on the West Coast.
- 1924 (as Dean Witter & Co.), 1978 (as Dean Witter Reynolds)
- $1,132 million (1996)
- 33,084 (12/31/96)
10 nov 2022 · Back in 1997, the global investment giant Morgan Stanley merged with brokerage firm Dean Witter Reynolds to become the largest securities company at the time. But the union proved challenging,...
- 3 min
- Dylan Croll
Dean Witter - Morgan Stanley form No. 1 securities firm. John Mack, then president of Morgan Stanley, agreed that the synergies were compelling. At the time of the merger, Dean Witter had more than 360 branch offices with 9,000 Account Executives. Morgan Stanley had 27 principal offices in 19 countries.
Morgan Stanley and Dean Witter merged in 1997, creating America's largest asset management company and securities firm in terms of equity capital. The resulting name, Morgan Stanley, Dean Witter, Discover & Company, was shortened to Morgan Stanley in March 2001.
Morgan Stanley Dean Witter & Company, formed in 1997 through the merger of Morgan Stanley Group, Inc. and Dean Witter, Discover & Co., is an investment banking and retail brokerage firm. The company is made up of three primary divisions--securities, asset management, and credit services--and is one of the top retail brokerages in the United ...
The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Discover & Co. in 1997. Dean Witter's chairman and CEO, Philip J. Purcell, became the chairman and CEO of the newly merged "Morgan Stanley Dean Witter Discover & Co." The new firm changed its name back to "Morgan Stanley" in 2001.
