Henry Sturgis Morgan

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Henry Sturgis Morgan
Born (1900-10-24)October 24, 1900
London, England, UK
Died February 8, 1982(1982-02-08) (aged 81)
New York City, New York, U.S.
Nationality American
Alma mater Harvard University
Occupation Banker
Years active 1923–1982
Known for Co-founder of Morgan Stanley
Title President & Chairman of The
Morgan Library & Museum
Board member of
J.P. Morgan & Co., General
Electric
, Pullman Company,
Harvard Board of Overseers,
Groton School, MoMA
Spouse(s) Catherine Adams
 (m. 1923–82)
Children 5
Parent(s) J. P. Morgan, Jr.
Jane Morgan
Relatives J. P. Morgan (grandfather)

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

Early life and education[edit]

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.[1] In the same year he joined J.P. Morgan & Co. and was a partner from 1928 to 1935.[2] 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.[2]

Family[edit]

On June 26, 1923, he married Catherine Francis Lovering Adams, a direct descendant of U.S. Presidents John Adams and John Quincy Adams.[1] The couple had five children: Rear Admiral Henry Sturgis Morgan Jr., USN (August 10, 1924 - May 6, 2011),[3] Charles F. Morgan (who was a Morgan Stanley executive),[1] Miles Morgan, John A. Morgan (founder and chairman of Morgan Joseph TriArtisan LLC),[4] and Peter A. Morgan.[5]

Activities and interests[edit]

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.[1] During World War II, Morgan was a commander in the Naval Reserve and served as an OSS Agent. [6]

Inheritance[edit]

At the death of his father in 1943, he and his brother Junius Spencer Morgan III inherited the estate.[7] Morgan owned a 448-acre (1.81 km2) estate, which is located at Eaton's Neck Road, Eatons Neck, New York, United States.

Death[edit]

He died on February 8, 1982 in Manhattan, New York City at Columbia-Presbyterian Medical Center.[2]

Memberships[edit]

Like his father, brother and grandfather he was the Commodore of New York Yacht Club where he served as chairman of its America's Cup Committee. He was also Vice President of International Yacht Racing Union. He was a member of Bohemian Grove, the Council on Foreign Relations, Community Service Society of New York, the Pilgrims Society and the Roxburghe Club.[1] In politics he was a Republican.

Honors[edit]

Morgan was inducted into the America's Cup Hall of Fame in 2001.[8]

References[edit]

  1. ^ a b c d e "Henry S. Morgan". NNDB. Retrieved September 13, 2012. 
  2. ^ a b c "Henry Sturgis Morgan, Banker, 81". Associated Press. February 8, 1982. Retrieved September 3, 2012. 
  3. ^ RADM Henry Morgan Jr. Obituary
  4. ^ "Morgan Joseph TriArtisan". Retrieved September 13, 2012. 
  5. ^ "Henry Sturgis Morgan Jr. - Obituary". The Day. May 18, 2011. Retrieved September 13, 2012. 
  6. ^ "OSS Agent". NNDB. Retrieved September 13, 2012. 
  7. ^ "Sons Get Bulk of Morgan Estate; Many Bequests Made to Employes". New York Times. March 27, 1943. Retrieved August 14, 2010. 
  8. ^ "Henry S. Morgan, 2001 Inductee". Herreshoff Marine Museum. Retrieved September 13, 2012.