Recently, Morgan Stanley Dean Witter listed the Asian companies it viewed as having a competitive edge.
Arguably, after the merger, profits from Dean Witter provided money for Morgan Stanley's investment-banking businesses.
This is the heart of the old Dean Witter business and it is doing badly.
These investors can be broadly divided into two kinds, says Alexander Kinmont of Morgan Stanley Dean Witter.
Morgan Stanley announced its merger with Dean Witter, Discover, a securities brokerage and credit-card group, last February.
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Maybe it's AOL's Steve Case or Morgan Stanley Dean Witter analyst Mary Meeker (the "Queen of the Internet").
Morgan Stanley Dean Witter and Goldman Sachs both plan to double their Australian staff over the next year.
"The once-lionized keiretsu system has become a liability, " says analyst Chris Redl at Morgan Stanley Dean Witter in Tokyo.
It counts investment banks Bear Stearns, Citibank, Morgan Stanley Dean Witter, The Bank of New York among its tenants.
Conway couldn't take off from his job at Morgan Stanley Dean Witter, where he was a computer systems programmer.
As for the Dean Witter deal, the results may have been the fault of poor execution under Mr Purcell.
Goldman Sachs and Morgan Stanley, Dean Witter, Discover have been minting money too.
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"It has not been an easy transition, " says a report by Andy Xie, regional economist at Morgan Stanley Dean Witter.
In February, Morgan Stanley, an American investment bank, announced its merger with Dean Witter, Discover, a mutual-fund and credit-card group.
Joseph Quinlan, an economist at Morgan Stanley Dean Witter, reckons most analysts overstate the impact Asia will have on American firms.
Morgan, have lately been joined by Merrill Lynch and Morgan Stanley Dean Witter, which are both setting up their own operations.
Though it dominates the brokering of U.S. government bonds, Cantor is no Merrill Lynch or Morgan Stanley , Dean Witter Discover or Goldman, Sachs.
Wall Street has already priced a tax cut into the markets, says Richard Berner, chief U.S. economist at Morgan Stanley Dean Witter.
Lazard's investment-banking business is too small to be an effective competitor against such giants as Morgan Stanley Dean Witter and Goldman Sachs.
Finance: Fannie Mae, Freddie Mac, Merrill Lynch, Morgan Stanley Dean Witter, J.
Moreover, points out Teun Draaisma of Morgan Stanley Dean Witter, there is less inflationary pressure in Europe and the euro looks steady.
Morgan Stanley Dean Witter's has lost 5% and PaineWebber's a startling 13%.
Adelman began his career out of business school in 1990, helping his dad, Lawrence, research food, beverage and tobacco companies at Dean Witter.
Conventional wisdom has it that the investment bank erred in 1997 when it merged with Dean Witter, a retail broking and credit-card company.
Purcell was the head of Dean Witter prior to the merger, though many of the current senior managers come from the Morgan Stanley side.
Deutsche and Dresdner aimed to create a bank that could rival US investment bank giants such as Goldman Sachs and Morgan Stanley Dean Witter.
Returns on the Dean Witter end of the business are poor, and Mr Purcell said recently that the credit-card business would be spun off.
His roots in low-end Dean Witter's brokerage made him unpopular with Morgan Stanley's haughty investment bankers from the day the firms merged in 1997.
The senior Adelman spent four decades as an analyst and eventually headed equity research at Dean Witter, which was acquired by Morgan Stanley in 1997.
The Dean Witter merger was undertaken with the aim of creating a one-stop shop for financial services, but so far no dazzling synergies have emerged.
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