Morgan & Cie. (1926-1975)
In August 1926, Henry Herman Harjes died in a polo accident, ending the control of Morgan Harjes by the Harjes family. That fall, the firm was renamed Morgan & Cie.
During World War II, Morgan & Cie Incorporated was the only bank with ties to Allied nations that remained open during the occupation of Paris.
In 1967, Morgan Guaranty Trust (formerly J.P. Morgan & Co.), sold two-thirds of its ownership in Morgan & Cie Incorporated to Morgan Stanley to form Morgan et Compagnie International, which would serve as the foundation for Morgan Stanley's international operations. Interestingly, the joint venture between the two wings of the House of Morgan (J.P. Morgan & Co. and Morgan Stanley) was one of the few survivors of the Glass–Steagall Act.
In 1975, Morgan Stanley established Morgan Stanley International Incorporated in London, integrating its various international operations including Morgan et Compagnie International.
Read more about this topic: Morgan, Harjes & Co., History
Famous quotes containing the word morgan:
“The best protection parents can have against the nightmare of a daycare arrangement where someone might hurt their child is to choose a place that encourages parents to drop in at any time and that facilitates communication among parents using the program. If parents are free to drop in and if they exercise this right, it is not likely that adults in that place are behaving in ways that harm children.”
—Gwen Morgan (20th century)