Dean Witter

Dean Witter Reynolds was a prominent American stock brokerage and investment banking firm founded in 1924 by Dean G. Witter. Headquartered in New York City, the firm grew to become one of the largest retail brokerage operations in the United States. In 1985, the company launched the Discover Card, which became a significant player in the consumer credit industry. The firm underwent a major merger with Morgan Stanley in 1997, resulting in the creation of Morgan Stanley Dean Witter & Co. Although the company was a major financier and underwriter for various sectors, it is not a biotechnology or life sciences company. Its primary business activities were centered on securities trading, asset management, and financial advisory services.