Morgan Stanley publishes 2025 annual report for Morgan Stanley Europe SE Group

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  • Morgan Stanley published Morgan Stanley Europe annual report for year ended Dec. 31, 2025, outlining its role as Morgan Stanley’s main hub for EU27 client business.
  • Report highlighted start of taking retail deposits in 2025, marking an expansion beyond core institutional activities.
  • Corporate structure shifted in 2025 through merger of Morgan Stanley Europe Holding into Morgan Stanley Europe, leaving Morgan Stanley Europe as surviving entity.
  • Business remained aligned with Institutional Securities strategy, centered on markets activity, investment banking advisory, corporate lending, capital raising.
  • Ownership changed in March 2026, with Morgan Stanley Europe acquired by Morgan Stanley Bank, N.A., while Morgan Stanley remained ultimate parent.


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