United Kingdom’s economy is well developed and market-based. UK economy is the fifth largest economy in the world stated by nominal gross domestic product analysis. Let’s have a look at some of the top financial companies in the United Kingdom.
Goldman Sachs was found by Marcus Goldman. Goldman was a school teacher in Bavaria. He later moved to the United States in 1848. He worked as a salesman in New Jersey for a few years and moved to Philadelphia later where he started a clothing store. He moved to New York later where he started trading in promissory notes in 1869. Goldman’s son-in-law joined him in his business in 1882. They managed to expand the firm into a general partnership in 1885. Today Goldman Sachs is a revered financial institution.
JPMorgan Chase & Co. is one of the largest and oldest financial firms. The firm has been developed by the foundation of 1,200 forerunner companies. The root of the company has been traced back to 1799. They started many renowned firms including Chemical Bank, National Bank of Detroit, Bank One, etc. All these firms are related to the innovations in finance and the development of the nation’s economy.
Morgan Stanley is one of the most famous financial institutions among the investors of UK. The company has its focus on international investing. Morgan Stanley is a general partnership firm, but the majority of its shares are owned by Morgan Stanley. Morgan Stanley obtained Investor Force in 2013. It is one among the leading producers of tools for performance reporting to institutional investing.
Barclay was found by goldsmith bankers, John Frame and Thomas Gould. They were doing some business in Lombard Street, London in 1690. Barclays PLC is now one of the world’s largest financial service providers. Barclays offer banking service, investment administration to over 50 countries across the globe. Barclays employs more than 130,000 people.
McKinsey & Company:
McKinsey & Company is a management consulting firm which provides its services worldwide. Qualitative and quantitative tests and analysis are conducted in order to calculate and predict administration choices and decisions across private and public sectors. The organization was provided by James O. McKinsey. It was started as an informal IT service provider. The recommendation of McKinsey is put into practice using agile development and rapid prototyping in making custom software. McKinsey made $96 million from AT&T in 1989 and 1996.