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.

Early life and education

Morgan was born on October 24, 1900, in London, United Kingdom to John Pierpont Morgan Jr. (1867–1943) and Jane Norton Morgan ( née 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 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 high ...

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 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 co ...

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, 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 Charles Francis Adams III (August 2, 1866 – June 10, 1954) was an American lawyer and politician, who served as the 44th United States Secretary of the Navy under President Herbert Hoover from 1929 to 1933. He was skipper of the Resolute which ...

, the

U.S. The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

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 Gr ...

, 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 Father who served as the second president of the United States from 1797 to 1801. Before his presidency, he was a leader of t ...

and

John Quincy Adams John Quincy Adams (; July 11, 1767 – February 23, 1848) was an American statesman, diplomat, lawyer, and diarist who served as the sixth president of the United States, from 1825 to 1829. He previously served as the eighth United States ...

. 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 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 (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 NewYork-Presbyterian/Columbia University Irving Medical Center (NYP/CUIMC), also known as the Columbia University Irving Medical Center (CUIMC), is an academic medical center and the largest campus of NewYork-Presbyterian Hospital. It includes Co ...

Activities and interests

Morgan was trustee, 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 ...

, 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 en ...

and Pullman Company, 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 ...

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 Harv ...

. 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 vast majority of the world's countries—including all of the great powers—forming two opposing ...

, Morgan was a commander in the Naval Reserve and served as an OSS Agent. Like his father, brother and grandfather, he was the

Commodore Commodore may refer to: Ranks * Commodore (rank), a naval rank ** Commodore (Royal Navy), in the United Kingdom ** Commodore (United States) ** Commodore (Canada) ** Commodore (Finland) ** Commodore (Germany) or ''Kommodore'' * Air commodore ...

New York Yacht Club The New York Yacht Club (NYYC) is a private social club and yacht club based in New York City and Newport, Rhode Island. It was founded in 1844 by nine prominent sportsmen. The members have contributed to the sport of yachting and yacht design. ...

where he served as chairman of its America's Cup Committee. He was also vice president of the International Yacht Racing Union. He was a member of the Bohemian Club, the Council on Foreign Relations,

Community Service Society of New York The Community Service Society of New York (CSS) is an independent, nonprofit organization established in 1939. Originally formed as a charity providing direct assistance to the poor, its mission has evolved include research and advocacy as well a ...

, the Pilgrims Society 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 day ...

. Morgan was posthumously inducted into the

America's Cup Hall of Fame The America's Cup Hall of Fame, located at the Herreshoff Marine Museum of Bristol, Rhode Island, USA, honors individuals for outstanding achievement in the America's Cup sailing competition. Candidates eligible for consideration include skippers ...

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