Morgan Stanley Wealth Management Launches Private Markets Transaction Desk to Allow Eligible Shareholders and Investors to Buy & Sell Private Companies in Secondary Market
9th March 2024 | Hong Kong
Morgan Stanley Wealth Management has launched the Private Markets Transaction Desk to allow eligible shareholders and investors to buy & sell private companies in secondary market. Announcement: “Morgan Stanley Wealth Management announced today the launch of its Private Markets Transaction Desk, a concierge service that empowers eligible shareholders and investors to buy and sell eligible private company shares in the secondary market. The offering is part of Morgan Stanley’s broader Private Markets ecosystem that provides a unique suite of solutions for companies, employees and investors to serve a diversity of client needs. Growth-stage venture-backed global companies worth over $1 billion in value have grown from 150 in 2015 to 1,000+ today, with a current cumulative valuation of $4.3 trillion.1 The Private Markets Transaction Desk has been launched to assist clients seeking liquidity in a highly fragmented and opaque secondary market. The Private Markets Transaction Desk helps solve these needs through an company-centric approach. Clients who use the desk can benefit from direct support for one-off sales of private company shares. Conversely, clients intent on investing in private companies can gain access to investments not widely accessible. This offering complements the existing private investment platforms for clients offered through Morgan Stanley Wealth Management. The Private Market Transaction Desk is currently live and facilitating trades on behalf of clients. In addition to existing client relationships, it has established relationships with leading secondary marketplaces which can help clients gain exposure to a broader market with a focus on transaction execution quality. Morgan Stanley tapped industry veteran Jeff Urban to lead the desk, who previously led a number of leading private and public markets distribution and syndication businesses. Morgan Stanley continues to invest in private company solutions to serve this growing market. Through the Shareworks equity management platform, Morgan Stanley has achieved $20 billion+ in company-led private share liquidity programs since 2020. With the launch of the Private Markets Transaction Desk, the types of liquidity programs Shareworks can support has expanded to give companies a suite of automated solutions to manage secondary transactions while maintaining control of their cap table.”
“ Morgan Stanley Wealth Management Launches Private Markets Transaction Desk to Allow Eligible Shareholders and Investors to Buy & Sell Private Companies in Secondary Market “
Jed Finn, Head of Morgan Stanley Wealth Management: “Alternative investments like private market shares are only growing in importance as investors seek deeper portfolio diversification. We are fortunate to possess the largest alternatives business there is, and when coupled with our world-class capital markets and private company solutions, are in a unique position to help meet the needs of both buyers and sellers within the private market.”
Michael Gaviser, Head of Private Markets, Morgan Stanley Wealth Management: “As a larger percentage of capital formation and economic growth is occurring in the private markets, we aim to continue to work hand in hand with all of our clients to source and facilitate these opportunities to create lasting value.”
Kevin Swan, Head of Private Markets Solutions: “As the private markets continue to evolve and mature, there is an increased appetite among shareholders and potential investors for a trusted institution to provide access to robust liquidity solutions in the secondary markets. With more investors and capital entering the space, the Private Markets Transaction Desk puts clients in the driver’s seat to streamline complex transactions and address the needs on both sides of the market while working closely with the company.”
Morgan Stanley Wealth Management Launches Private Markets Transaction Desk to Allow Eligible Shareholders and Investors to Buy & Sell Private Companies in Secondary Market
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.
Alternative investments often are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are appropriate only for eligible, long-term investors who are willing to forgo liquidity and put capital at risk for an indefinite period of time. They may be highly illiquid and can engage in leverage and other speculative practices that may increase the volatility and risk of loss. Alternative Investments typically have higher fees than traditional investments. Investors should carefully review and consider potential risks before investing.
Private equity interests may be highly illiquid, involve a high degree of risk and be subject to transfer restrictions.
Clients are responsible for complying with applicable securities laws requirements and potential issuer restrictions and should consult with third-party advisors regarding the risks of transacting in private issuer securities, including the risk of transacting in a market with little or no price transparency or liquidity.
With respect to the Private Markets Transaction Desk, Morgan Stanley: provides no opinion or view on the valuation of any private issuer securities or the sufficiency, fairness or competitiveness of any price obtained; does not solicit, make any recommendations or provide any investment advice associated with any investment in private issuers; and does not act as underwriter, placement agent, distributor, or in any other similar capacity.
Morgan Stanley Promoted 155 to Managing Director in 2024 with 37% Women & 67% Men, Promoted 184 to Managing Director in 2023
11th January 2024 – Morgan Stanley has promoted 155 individuals to Managing Director in 2024 with 37% women & 67% men. In 2023, Morgan Stanley promoted 184 individuals to Managing Director. In October 2023, Morgan Stanley had announced new senior leadership effective 1st January 2024, with Edward (Ted) Pick appointed as Morgan Stanley CEO, James Gorman as Executive Chairman, Andy Saperstein as Head of Wealth & Investment Management and Dan Simkowitz as Head of Institutional Securities.
Morgan Stanley Announces New Leadership in 2024: Edward Ted Pick Appointed as CEO, James Gorman as Executive Chairman, Andy Saperstein as Head of Wealth & Investment Management and Dan Simkowitz as Head of Institutional Securities
28th October 2023 – Morgan Stanley has announced new senior leadership effective 1st January 2024, with Edward (Ted) Pick appointed as Morgan Stanley CEO, James Gorman as Executive Chairman, Andy Saperstein as Head of Wealth & Investment Management and Dan Simkowitz as Head of Institutional Securities. Background on Mr. Edward (Ted) Pick – Edward (Ted) Pick has served as Co‐President of Morgan Stanley for the past two years. As Head of the Institutional Securities Group, he oversees Investment Banking, Equities, Fixed Income, Capital Markets and Research. He is also Co‐Head of Firm Strategy. Prior to his current role, Mr. Pick served as Global Head of Sales and Trading, engineering a turnaround of the Firm’s Fixed Income Division. As Head of Institutional Equities, he led that business to a leading global position. Mr. Pick was previously Head of Equity Capital Markets. He also helped the Firm actively raise capital during the financial crisis. Mr. Pick joined Morgan Stanley in 1990 and was promoted to Managing Director in 2002. He is a member of the Firm’s Operating Committee (2012), Management Committee (2008) and Morgan Stanley‐MUFG Steering Committee (2013). Mr. Pick graduated Phi Beta Kappa from Middlebury College and received an MBA from the Harvard Business School. He is a Trustee at the Metropolitan Museum of Art (the MET) serving on the MET’s Investment and Nominating & Governance Committees. Mr. Pick is Chair of the Advisory Board for the Morgan Stanley Alliance for Children’s Mental Health and a board member of the Institute of International Finance. More info below:
Morgan Stanley Announces New Leadership in 2024: Edward Ted Pick Appointed as CEO, James Gorman as Executive Chairman, Andy Saperstein as Head of Wealth & Investment Management and Dan Simkowitz as Head of Institutional Securities
Morgan Stanley –The Board of Directors of Morgan Stanley (NYSE: MS) today announced that Co-President Edward (Ted) Pick will become the Firm’s Chief Executive Officer, effective January 1, 2024. James Gorman will become Executive Chairman. Mr. Pick will also join Morgan Stanley’s Board of Directors at that time. The Firm also announced that Co-President Andy Saperstein will become the Head of Wealth and Investment Management, and that Dan Simkowitz will become Co-President of the Firm and the Head of Institutional Securities. Mr. Gorman announced at the Firm’s 2023 annual general meeting of shareholders his intention to step down as Chief Executive Officer before the 2024 annual general meeting.
Tom Glocer, Morgan Stanley Lead Director of the Board: “The Board has unanimously determined that Ted Pick is the right person to lead Morgan Stanley and build on the success the Firm has achieved under James Gorman’s exceptional leadership. Ted is a strategic leader with a strong track record of building and growing our client franchise, developing and retaining talent, allocating capital with sound risk management, and carrying forward our culture and values. We believe that the Board’s rigorous and well-managed succession process, under the leadership of Dennis Nally, the Chair of our Compensation, Management Development and Succession Committee, has resulted in the appointment of an outstanding CEO while also demonstrating the strength and depth of Morgan Stanley’s leadership talent. Over James’ 14 years as CEO, Morgan Stanley has been transformed into a strong and balanced financial institution with a long-term sustainable business model. We are grateful for the tremendous impact he has had on our Firm and are thankful that as Executive Chairman we will continue to benefit from his experience and critical insight.”
Dennis Nally, Morgan Stanley Chair of the Compensation, Management Development and Succession Committee of the Board: “After undergoing a multi-year, intentional succession process, we determined that Ted Pick is best suited to be the next CEO of Morgan Stanley. Ted has a deep knowledge of our businesses and understands what is needed to drive their growth. We are highly confident that he is the right person to lead Morgan Stanley and drive growth into the next decade. The Board has been fortunate to have been able to draw from a number of excellent candidates. One of the things that sets Morgan Stanley apart is the quality and depth of our talent, and how they embody the Firm’s culture and values.”
James Gorman, Morgan Stanley Outgoing CEO: “For several years I have worked with the Board to ensure an orderly succession, and I feel strongly that now is the time to step aside. The Board’s selection of Ted Pick is an outstanding one. I have worked side by side with Ted since the financial crisis and have experienced first-hand his values, intellect, passion and commitment to our people and our clients. He is battle-tested, understands complex risk, and works very effectively not just in the U.S., but around the globe. In short, he is an outstanding executive and leader.I am also delighted that Andy and Dan will take on expanded leadership roles. Both are world-class executives, with outstanding values and intellect. As Co-Presidents of Morgan Stanley, Andy and Dan will be invaluable leaders in helping Ted manage the Firm. Through the transition period and my time as Executive Chairman, I will do everything I can to support Ted as our new CEO.”
Edward (Ted) Pick, Morgan Stanley Incoming CEO: “Morgan Stanley is a storied institution, and I am deeply honored to have been chosen to lead it. We have a global diversified business with a leading client franchise. Thanks to James’ excellent leadership, our Firm is now well-positioned to succeed across market cycles, and I am excited about the opportunities for future growth. Morgan Stanley has exceptionally talented people and is home to a deep culture and abiding values. I also want to thank the Board for the confidence they have expressed in me. I look forward to working closely with the Board, Andy, Dan, the rest of the management team and all our employees to continue to serve our clients and shareholders.”
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
