Henry Sturgis Morgan, financier

http://en.wikipedia.org/wiki/Henry_S._Morgan

Henry Sturgis Morgan (October 24, 1900 - February 8, 1982) was an American banker, known for being the co-founder of Morgan Stanley.

Biography

He was born on October 24, 1900 in London, England to J. P. Morgan, Jr. and Jane Norton Morgan (née Grew). His father was the son of J. P. Morgan and his mother was the daughter of Boston banker and mill owner Henry Sturgis Grew.

He was educated at Groton School and graduated from Harvard University in 1923. In the same year he joined J.P. Morgan & Co. and was a partner from 1928 to 1935. He co-founded the company Morgan Stanley in 1935, together with Harold Stanley when the Glass–Steagall Act forced the separation on investment banking and commercial banking.

In June 26, 1923 married Catherine Francis Lovering Adams, was a direct descendant of U.S. Presidents John Adams and John Quincy Adams. The couple had five children: Henry Sturgis Morgan Jr., Charles F. Morgan (who was a Morgan Stanley executive), Miles Morgan, John A. Morgan (founder and chairman of Morgan Joseph TriArtisan LLC), and Peter A. Morgan.

Morgan was trustee, president and chairman of The Morgan Library & Museum, served on the boards of J.P. Morgan & Co., General Electric and Pullman Company, served as trustee of the Groton School and Museum of Modern Art and member of the Harvard Board of Overseers. He was Republican, OSS Agent during World War II, Commodore of New York Yacht Club, Chairman of its America's Cup Committee, Vice President of International Yacht Racing Union and member of Bohemian Grove, Council on Foreign Relations, Community Service Society of New York, Pilgrims Society and Roxburghe Club.

Morgan inducted into the America's Cup Hall of Fame in 2001.

At the death of his father in 1943, he and his brother Junius Spencer Morgan III inherited the estate. Morgan owned a 448-acre (1.81 km2) estate, which is located at nº 50 Eaton's Neck Road, Eatons Neck, New York, United States.

He died on February 8, 1982 in Manhattan, New York City at Columbia-Presbyterian Medical Center.