摩根士丹利 Morgan Stanley (MS) 2005年年度报告「NYSE」.pdf

1、One Priority:PerformanceMorgan Stanley Annual Report 2005January 17,2006:Morgan Stanley common stockbegan trading on the New York Stock Exchange underthe symbol“MS.”The change aligns our ticker withthe Morgan Stanley name and reflects the actions weretaking to move forward as“one firm”and realize th

2、efull potential of our global franchise.CONTENTSLetter to Shareholders9Morgan Stanley Answers Your Questions15Morgan Stanley At a Glance26Officers and Directors28Financial Highlights30International Locations31Shareholder Information32Today,the power of the Morgan Stanley franchise has never been str

3、onger.We have remarkably talented people.We have unmatchedclient relationships.We have a clear blueprint for building and further improving upon our global business performance.And we are moredetermined and better equipped than ever to deliver superior returns to our shareholders.We are masters of c

4、omplexityand engineers of creative solutions.We are trusted advisorsand powerful distribution muscle.We are experienced risk managersand over$600 billion in client assets.One Priority:Performance9To Our Shareholders:2005 was a year of challenge and change for Morgan Stanleya turbulent period for emp

5、loyees and shareholders alike.Never-theless,through constant dedication and commitment to ourclients,we finished the year strongly,and we have begun 2006with renewed momentum and focus on performance.This firm has tremendous potential.We are in the right mix of businessesbusinesses our competitors w

6、ant to be in.We have the scale,expertise and capabilities to succeed globally.We are an unrivaled leader in delivering innovative solutions to ourclients most complex problems.We boast a superb investmentbanking franchise,preeminence in key businesses such as primebrokerage and commodities,and leadi