Morgan Stanley has acquired Eaton Vance Corp. in a stock and cash transaction.
“This acquisition further advances our strategic transformation by continuing to add more fee-based revenues to complement our world-class, integrated investment bank,” said James P. Gorman, chairman and CEO of Morgan Stanley. “With the addition of Eaton Vance, Morgan Stanley will oversee $5.4 trillion of client assets across its Wealth Management and Investment Management segments. The Morgan Stanley Investment Management and Eaton Vance businesses are delivering strong growth and their complementary investment and distribution capabilities will deliver significant incremental value to our investment management clients.”
Eaton Vance Corp. is an American investment management firm based in Boston. It is one of the oldest investment companies in the United States, with a history dating back to 1924. As of Dec. 31, 2020, Eaton Vance had consolidated assets under management of $583.1 bi