Founded in 1935, Morgan Stanley is a global financial services firm that operates through its subsidiaries and affiliates. Its product portfolio includes investment banking, sales/trading, investment management, prime brokerage and research. The firm provides products and services to a large and diversified group of clients and customers, including corporations, governments, financial institutions and individuals. It was incorporated under the laws of the State of Delaware in 1981. The firm has a workforce of more than 61,000 employees and operates in more than 25 countries. Morgan Stanley operates in 3 business segments: Institutional Securities, Global Wealth Management Group and Asset Management.