Robert Baldwin, who transformed Morgan Stanley, dies at 95

New York

ROBERT Baldwin, a Wall Street maverick who presided over the transformation of Morgan Stanley from a prestigious but staid old investment bank into a modern, competitive financial services corporation in the 1970s and early '80s, died on Sunday at a nursing home in Skillman, New Jersey, near Princeton. He was 95.

His son Robert Jr confirmed the death on Wednesday.

At the start of Mr Baldwin's tenure, Morgan Stanley's partners and clients wore old-school neckties, lunched at the…