In the finance industry, there are many big investment firms which have gained tons of amounts of profit by making a right type of investments, and Morgan Stanley is one of those firms in the USA which is famous for merger and acquisition businesses. The company which most of the times deal with the large corporate mergers and acquisitions are considering to buy some investment companies which will add some wealth to its portfolio. In a recent interview, the CEO of Morgan Stanley James Gorman said that the company is seeking to acquire some good investment companies. Morgan Stanley’s investment portfolio worth more than $463 billion and now the company wants to put some more businesses in it which will add some reasonable amount of value.
The company hadn’t signed any type of acquisition deal since the financial crisis happened in 2007; however, it seems like the company now is in the proper financial position to purchase some excellent lucrative companies. The last acquisition which Morgan Stanley did was in 2009 when it acquired a brokerage firm called Smith Barney which so far had given more than $5 billion worth of returns. James Gorman thinks that the company’s investment portfolio will be worth more than $1 trillion in upcoming years and to achieve that they are going to acquire some profitable companies. While clarifying more about the company’s vision, Gorman said that the company is not willing to do a mega deal and it is interested only in small investment firms.
According to James Mormon, the fixed income and equity-based firms will be the company’s preferable choice because such type of companies are easy to manage and they will fetch an excellent return for the long term.