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GRAND RAPIDS - Some 18 months ago, Dean Witter, Discover & Co. and Morgan Stanley Group Inc. announced their plans to merge, thereby creating a global financial services firm with a market capitalization of some $21 billion. The result also created a leading market position in three primary activities: securities, asset management and credit services. The new company name, Morgan Stanley Dean Witter, became official this past June.
Michigan's banking industry stands to be one of the many beneficiaries of this giant merger, according to a spokesperson for the new company.
What does the merger bring to the table for Michigan residents? Spearheading an expansion effort in west Michigan are Ted Vogt and Carol Dehen, located at 300 Ottawa N.W., Grand Rapids, Michigan. Vogt is a long-time associate member of the Michigan Bankers Association. Together they have over 26 years of experience in the securities markets and have built their business by recommending conservative, blue-chip stocks with a special concentration in regional banks where they have historically found value and stability for clients. They...