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

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

and the president and chairman of the

Morgan Library & Museum The Morgan Library & Museum, formerly the Pierpont Morgan Library, is a museum and research library in the Murray Hill neighborhood of Manhattan in New York City. It is situated at 225 Madison Avenue, between 36th Street to the south and 37th S ...

Early life and education

Morgan was born on October 24, 1900, in

London, United Kingdom London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major se ...

John Pierpont Morgan Jr. John Pierpont Morgan Jr. (September 7, 1867 – March 13, 1943) was an American banker, finance executive, and philanthropist. He inherited the family fortune and took over the business interests including J.P. Morgan & Co. after his father J. ...

(1867–1943) and Jane Norton Morgan (

née A birth name is the name of a person given upon birth. The term may be applied to the surname, the given name, or the entire name. Where births are required to be officially registered, the entire name entered onto a birth certificate or birth re ...

Grew) (d. 1925). His father was the son of John Pierpont Morgan Sr. (1837–1913) and his mother was the daughter of Boston banker and mill owner Henry Sturgis Grew (1833–1910). He was educated at

Groton School Groton School (founded as Groton School for Boys) is a private college-preparatory boarding school located in Groton, Massachusetts. Ranked as one of the top five boarding high schools in the United States in Niche (2021–2022), it is affiliated ...

and graduated from

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of highe ...

in 1923.

Career

In 1923, the same year he graduated from Harvard, he joined J.P. Morgan & Co. and was a partner from 1928 to 1935. In 1935, he co-founded

together with Harold Stanley when the Glass–Steagall Act forced the separation on

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...

and

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with ...

ing. At the death of his father in 1943, he and his brother,

Junius Spencer Morgan III Junius Spencer Morgan III (March 15, 1892 – October 19, 1960) was an American banker and a director of the Morgan Guaranty Trust Company. Early life Junius Spencer Morgan III was born on March 15, 1892, to Jane Norton Grew and Jack Morga ...

, inherited the estate. Morgan owned a estate, which is located at Eaton's Neck Road,

Eatons Neck Eatons Neck is a hamlet and census-designated place (CDP) in the Town of Huntington in Suffolk County, on the North Shore of Long Island, in New York, United States. The population was 1,406 at the 2010 census. There is a United States Coast G ...

, New York, United States.

Personal life

On June 26, 1923, he married Catherine Frances Lovering Adams (1902–1988), daughter of Frances Lovering and Charles Francis Adams III, the U.S.

Secretary of the Navy The secretary of the Navy (or SECNAV) is a statutory officer () and the head (chief executive officer) of the Department of the Navy, a military department (component organization) within the United States Department of Defense. By law, the se ...

under

Herbert Hoover Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Gre ...

, and a descendant of U.S. Presidents

John Adams John Adams (October 30, 1735 – July 4, 1826) was an American statesman, attorney, diplomat, writer, and Founding Fathers of the United States, Founding Father who served as the second president of the United States from 1797 to 1801. Befor ...

and John Quincy Adams. The couple had five sons: * Henry Sturgis Morgan Jr. (1924–2011), a

Navy A navy, naval force, or maritime force is the branch of a nation's armed forces principally designated for naval and amphibious warfare; namely, lake-borne, riverine, littoral, or ocean-borne combat operations and related functions. It in ...

Rear Admiral Rear admiral is a senior naval flag officer rank, equivalent to a major general and air vice marshal and above that of a commodore and captain, but below that of a vice admiral. It is regarded as a two star " admiral" rank. It is often rega ...

and maritime lawyer * Charles Francis Morgan, who was a Morgan Stanley executive, who married Sarah Baldwin Lambert in 1960. * Miles Morgan (b. November 1, 1928) *

John Adams Morgan John Adams Morgan (born September 17, 1930) is an American sailor and Olympic champion and the founder and chairman of Morgan Joseph. His father, Henry Sturgis Morgan, was the co-founder of Morgan Stanley and his great-grandfather was J. P. Morga ...

(b. 1930), who married four times, including to Sonja Tremont (b. 1963) * Peter Angus Morgan (1938–2013). He died on February 8, 1982, in Manhattan, New York City at Columbia-Presbyterian Medical Center.

Activities and interests

Morgan was trustee, president and chairman of The Morgan Library & Museum, served on the boards of J.P. Morgan & Co.,

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable ene ...

and

Pullman Company The Pullman Company, founded by George Pullman, was a manufacturer of railroad cars in the mid-to-late 19th century through the first half of the 20th century, during the boom of railroads in the United States. Through rapid late-19th century ...

, served as trustee of the Groton School and

Museum of Modern Art The Museum of Modern Art (MoMA) is an art museum located in Midtown Manhattan, New York City, on 53rd Street between Fifth and Sixth Avenues. It plays a major role in developing and collecting modern art, and is often identified as one of t ...

and member of the

Harvard Board of Overseers The Harvard Board of Overseers (more formally The Honorable and Reverend the Board of Overseers) is one of Harvard University's two governing boards. Although its function is more consultative and less hands-on than the President and Fellows of Ha ...

. During

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

, Morgan was a commander in the Naval Reserve and served as an OSS Agent. 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 The America's Cup, informally known as the Auld Mug, is a trophy awarded in the sport of sailing. It is the oldest international competition still operating in any sport. America's Cup match races are held between two sailing yachts: one ...

Committee. He was also vice president of the

International Yacht Racing Union World Sailing (WS) is the world governing body for the sport of sailing recognized by the International Olympic Committee and the International Paralympic Committee (IPC). History The creation of the International Yacht Racing Union (IYRU) beg ...

. He was a member of the

Bohemian Club The Bohemian Club is a private club with two locations: a city clubhouse in the Nob Hill district of San Francisco, California and the Bohemian Grove, a retreat north of the city in Sonoma County. Founded in 1872 from a regular meeting of journ ...

, the

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank specializing in U.S. foreign policy and international relations. Founded in 1921, it is a nonprofit organization that is independent and nonpartisan. CFR is based in New York Ci ...

, Community Service Society of New York, the

Pilgrims Society The Pilgrims Society, founded on 16 July 1902 by Sir Harry Brittain KBE CMG, is a British-American society established, in the words of American diplomat Joseph Choate, 'to promote good-will, good-fellowship, and everlasting peace between the Uni ...

and the

Roxburghe Club The Roxburghe Club is a bibliophilic and publishing society based in the United Kingdom. Origins The spur to the Club's foundation was the sale of the enormous library of the Duke of Roxburghe (who had died in 1804), which took place over 46 da ...

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

References

External links

* {{DEFAULTSORT:Morgan, Henry Sturgis 1900 births 1982 deaths Adams political family American bankers American financial company founders American expatriates in the United Kingdom American people of Welsh descent American male sailors (sport) Businesspeople from London Businesspeople from New York City General Electric people Groton School alumni Harvard University alumni House of Morgan JPMorgan Chase employees Members of the New York Yacht Club Morgan family Morgan Stanley employees New York (state) Republicans People associated with the Museum of Modern Art (New York City) People from Manhattan People of the Office of Strategic Services 20th-century English businesspeople