摩根士丹利 Morgan Stanley (MS) 2009年年度报告「NYSE」.pdf

1、Dear fellow ShareholDerS:2009 continued as a period of challenge and changefor Morgan Stanley and the entire financial services industry.It was a year of transition for us,as we struck a transformational joint venture,forged key strategic partnerships and executed a number of other important strateg

2、ic initiatives.But Morgan Stanley has succeeded throughout its history by adapting and evolving its business while always staying true to the fundamental values on which this great firm was founded 75 years ago.above all else,the people of Morgan Stanley always have looked to do what is best for our

3、 clients and have sought to do so with integrity,ingenuity and persistence.we strive to be industry leadersby creating financial solutions for our clients and expanding into new markets.and we insist that our people conduct business with the highest standards of professionalism and respect.as we cel

4、ebrate our firms 75th anniversary in 2010 and look to build on that proud legacy,all of us at Morgan Stanley are intensely focused on a clear and simple strategy:we are a client-centered financial services firm that competes and wins on the breadth and depth of our client relationships,our unmatched

5、 global platform and our pre-eminent positions in the most attractive growth markets around the globe.we have a powerful mix of businesses that,together,offer important strategic benefitsas well as the right balance of capital,earnings and risk to deliver strong,sustainable earnings over the long te

6、rm.Now we need to execute.our goal,as we move forward,is to rank in the top three in the key businesses in which we operate and to deliver to our shareholders the superior performance that the Morgan Stanley franchise and its people are capable of achieving.2Significant Progress on Key Strategic Ini