Target: Morgan Stanley Research date: 28 October 2026 Scope: Enterprise technology supply chain, Israeli technology relationships, digital infrastructure, AI, cybersecurity, controlling principals and relevant settlement-related activity.
Enterprise Technology Stack & Vendor Relationships
Corporate structure and technology operations
Morgan Stanley is a publicly traded financial-services company whose activities include institutional securities, wealth management and investment management. Its 2025 annual filing describes the operating segments and associated legal and operational risks, including cybersecurity and third-party technology risks.1
Morgan Stanley’s 2026 proxy statement identifies Mitsubishi UFJ Financial Group (MUFG) as its largest disclosed beneficial shareholder, with approximately 24.0% of common stock. State Street beneficially owned 7.2%, Vanguard 6.9%, and BlackRock 5.7%; the latter three holdings were below the specified 10% ownership threshold.2
The 2026 SEC proxy identifies Edward Pick as Chairman and CEO and Thomas H. Glocer as independent lead director. The Board’s Operations and Technology Committee oversees technology, cybersecurity, business continuity and related operational risks.2
Enterprise cloud and productivity technology
On 2 June 2021, Microsoft Corporation and Morgan Stanley announced a strategic cloud partnership encompassing Microsoft Azure, Microsoft 365, cloud-native application infrastructure and financial-services-specific technical development. The announcement describes transitioning workloads to Azure and jointly developing technology intended to meet the requirements of regulated financial institutions.3
The acting entities were Microsoft Corporation and Morgan Stanley; Microsoft was the technology supplier and Morgan Stanley the enterprise customer. The announcement appeared on Microsoft’s corporate news domain in June 2021, and the publicly disclosed relationship concerned Morgan Stanley’s own technology environment. Its exact contractual duration and present workload allocation were not independently established.3
Microsoft’s January 2025 statement describes its continuing commercial and technology relationship with OpenAI, including Azure-based access to OpenAI technology. This establishes a relationship between two Morgan Stanley technology partners, but does not independently establish the geographic location or contractual routing of Morgan Stanley’s information.4
Israeli-origin cybersecurity and enterprise software
No public evidence identified of a confirmed direct Morgan Stanley enterprise licensing or deployment contract for Check Point, Wiz, SentinelOne, CyberArk, NICE, Verint, Claroty or Palo Alto Networks.
No public evidence identified establishing whether any of those vendors is embedded in Morgan Stanley’s core security infrastructure or deployed indirectly through a managed-service provider.
Technology partnerships and investment versus procurement
Morgan Stanley Expansion Capital participated in Israeli cloud-infrastructure company groundcover’s $100 million Series C financing announced on 29 July 2026. The round was led by One Peak, with additional participation from Zeev Ventures, Angular Ventures, Heavybit and Jibe.5
Groundcover provides cloud-native observability using technologies including eBPF and OpenTelemetry. Independent Israeli reporting identifies the company as an Israeli startup, and the financing announcement identifies Morgan Stanley Expansion Capital as a financial investor rather than a disclosed enterprise software customer.6
The acting investment business was Morgan Stanley Expansion Capital, the financing recipient was groundcover, and the public communications appeared on groundcover’s corporate news domain and third-party financial-news domains in July 2026. The investment was publicly documented in July 2026; its precise ownership percentage, investment amount, voting rights and continuing status as of 28 October 2026 were not independently established.5
A separate investment-industry database identifies Morgan Stanley Expansion Capital as a growth-stage investor in technology businesses. Its listed transactions provide investment context but do not establish enterprise procurement arrangements between portfolio companies and Morgan Stanley.7
Procurement and systems integrators
No public evidence identified that Morgan Stanley instructed a systems integrator to deploy Israeli-origin technology for a named enterprise technology programme.
No public evidence identified of a current publicly documented Israeli-origin enterprise cybersecurity vendor whose licensed product can be conclusively mapped to a particular Morgan Stanley production environment.
Surveillance, Biometrics & Retail Technology
Biometric technology
No public evidence identified that Morgan Stanley directly procures or operates Israeli-origin facial-recognition, gait-recognition, biometric retail-monitoring or frictionless-checkout technology from Trigo, BriefCam, AnyVision/Oosto, Trax or comparable suppliers.
Behavioural and predictive monitoring
Morgan Stanley uses enterprise AI applications for financial-adviser workflows, including information retrieval and meeting summarisation. Morgan Stanley’s corporate announcement identifies AI @ Morgan Stanley Assistant and AI @ Morgan Stanley Debrief as internal productivity systems rather than products represented as predictive-policing or population-surveillance systems.8
Morgan Stanley reports that Debrief uses consent-based meeting recordings to generate summaries, client notes and draft follow-ups, with information saved into Salesforce. The documented purpose is financial-adviser productivity; the available source does not establish use of Israeli-origin behavioural surveillance technology.8
Third-party deployment
No public evidence identified of Israeli-origin biometric or predictive-policing products deployed within Morgan Stanley through third-party enterprise platforms.
No public evidence identified of Morgan Stanley supplying such systems to Israeli law-enforcement, military or settlement authorities.
Cloud Infrastructure, Data Residency & Sovereign Cloud Participation
Enterprise cloud infrastructure
Microsoft’s June 2021 announcement establishes Morgan Stanley’s adoption of Azure cloud services and participation in financial-services cloud development. The arrangement includes infrastructure modernisation, developer services and enterprise collaboration systems.3
The announcement identifies Microsoft Corporation as the technology provider, Morgan Stanley as the beneficiary and Microsoft’s corporate site as the public communication channel. The earliest documented observation in the reviewed source is June 2021; the current location of specific workloads, the complete contractual term and any subsequent amendments were not independently established.3
Project Nimbus
The Israeli Government Procurement Administration describes Project Nimbus as a government cloud programme developed with multiple public institutions, including the Ministry of Defence and Israel Defense Forces. Its procurement description identifies Amazon Web Services and Google as the selected public-cloud providers.9
The acting public procuring institutions and selected cloud providers are identified in the Israeli government procurement record. The record establishes the structure of the programme but does not identify Morgan Stanley as a provider or participant.9
No public evidence identified of a Morgan Stanley Project Nimbus contract, subcontract, licence, reseller agreement or technical integration.
Israeli data centres and residency
No public evidence identified confirming that Morgan Stanley operates, leases or colocates a data centre in Israel.
No public evidence identified establishing that Morgan Stanley’s principal customer-data repositories are hosted in Israeli cloud regions.
Data-exposure principle
Morgan Stanley describes using OpenAI-powered applications for internal information retrieval and generating client-meeting notes and follow-up material. The documented workflows involve corporate knowledge and financial-adviser information, making geographic processing and vendor access relevant factual questions.8
No public evidence identified establishing a contractual zero-data-retention arrangement for Morgan Stanley’s AI applications in the accessible replacement source. The source does not identify an Israeli processing location, Israeli subcontractor or transfer of identifiable Morgan Stanley client information into Israeli jurisdiction.8
No public evidence identified establishing that Morgan Stanley client identity, payment, communication or behavioural data is processed in Israeli-controlled infrastructure.
Sovereign-cloud and resilience provision
No public evidence identified of Morgan Stanley supplying digital sovereignty, government cloud, national data-residency or infrastructure-resilience services to Israeli military or state institutions.
Defence, Intelligence & Security Sector Technology Relationships
Israeli military and intelligence contracts
No public evidence identified of a direct technology supply contract between Morgan Stanley and the Israeli Ministry of Defence, Israel Defense Forces, intelligence agencies or military communications organisations.
No public evidence identified of Morgan Stanley supplying intelligence-processing platforms, communications infrastructure, command systems or surveillance databases to Israeli military institutions.
Technology investments and dual-use capabilities
Morgan Stanley Expansion Capital’s July 2026 investment in groundcover provides a documented connection to an Israeli company developing general-purpose cloud observability and application monitoring technology.5
Groundcover’s product is described in the financing announcement as infrastructure observability technology designed for cloud-native systems, AI workloads and operational monitoring. The announcement does not identify the Israeli military, intelligence agencies or settlement authorities as customers.5
No public evidence identified of Morgan Stanley’s ownership interest in groundcover being connected to a verified military deployment or settlement-specific installation.
Offensive cybersecurity
Thomas H. Glocer, Morgan Stanley’s independent lead director, has separately participated in cybersecurity ventures. Yale Law School’s October 2021 profile identifies him as a co-founder of BlueVoyant in 2017 and records leadership or investment involvement in other cybersecurity and financial-technology businesses.10
The acting individual in those ventures was Thomas H. Glocer in his personal business capacity, and the published record appeared on Yale Law School’s website in October 2021. The profile establishes his involvement but does not document a Morgan Stanley contract with BlueVoyant or the provision of offensive cyber tools to Israeli military customers. The continuation of each individual role was not verified as of October 2026.10
No public evidence identified of Morgan Stanley developing, selling or maintaining zero-day exploit products, offensive intrusion software or cyber weapons for Israeli state actors.
Constructive-notice chronology
The confirmed groundcover financing occurred on 29 July 2026, after the dates specified for the July 2024 ICJ advisory opinion and November 2024 ICC warrants. The documented transaction is a technology-company financing; the reviewed sources do not establish a military or settlement recipient.5
No public evidence identified of a specific Morgan Stanley digital-technology service continuing to an Israeli military or settlement customer after those dates.
AI, Algorithmic & Autonomous Systems
Enterprise AI applications
Morgan Stanley’s corporate announcement describes the deployment of AI @ Morgan Stanley Assistant as an internal wealth-management application powered by OpenAI technology. The system gives financial advisers access to Morgan Stanley’s internal knowledge resources.8
Morgan Stanley reports that 98% of its financial-adviser teams had adopted the Assistant by June 2024. The accessible replacement source does not independently establish expansion across a corpus of approximately 100,000 documents.8
The acting entities were Morgan Stanley and OpenAI; the immediate users were Morgan Stanley financial advisers. Morgan Stanley’s corporate announcement of 26 June 2024 describes operational deployments, although it does not supply a complete contract timeline or final termination date.8
Morgan Stanley also describes AI @ Morgan Stanley Debrief as an OpenAI-powered tool that summarises client meetings and prepares adviser follow-up material. The workflow includes client consent for recording and adviser review of draft follow-up communications. The accessible replacement source does not specifically establish the use of Whisper and GPT-4 within Debrief.8
2026 financial-services AI collaboration
On 10 September 2026, OpenAI launched ChatGPT for Financial Services, with Morgan Stanley and Evercore identified as design partners. Reuters reported that the collaboration helped shape the product for investment banking and equity research.11
OpenAI was the product developer and public announcer; Morgan Stanley was a named design partner. Reuters reported the announcement on 10 September 2026 and described the collaboration underlying the product launch. Its exact commercial consideration and contractual end date were not disclosed.11
Israeli technology ecosystem context
Israel Innovation Authority research identifies cybersecurity, enterprise software and financial technology as significant components of Israeli technology investment activity during 2024–2025. This sector evidence does not attribute any individual cybersecurity investment or military AI project to Morgan Stanley.12
The 2024 IVC-GNY-KPMG investor report likewise documents Israeli venture investment trends, including cybersecurity and generative AI, but does not establish Morgan Stanley’s participation in any specific transaction beyond separately documented investments.13
AI provision to Israeli state bodies
No public evidence identified of Morgan Stanley directly providing AI models, automated decision systems, computer vision or machine-learning platforms to Israeli state, intelligence or military institutions.
Training data
No public evidence identified of Morgan Stanley models being trained on intercepted communications, military surveillance records or civilian population data obtained from occupied Palestinian territory.
Autonomous systems
No public evidence identified of Morgan Stanley supplying autonomous tracking, target-generation or military decision-support systems to Israeli forces.
No public evidence identified of a Morgan Stanley-developed AI system whose primary designed function is producing kinetic targeting decisions.
Technology Ecosystem & R&D Footprint
Israeli technology investment
The 29 July 2026 groundcover financing is the clearest verified recent direct connection between a Morgan Stanley investment business and an Israeli digital-infrastructure company.5
Ynet independently describes groundcover as an Israeli cloud-infrastructure startup and reports the same financing participants and $100 million funding round.6
The investment concerns equity participation in a commercial observability software company. Publicly available reporting reviewed for this audit does not specify Morgan Stanley’s shareholding percentage or any customer relationship between Morgan Stanley and groundcover.6
Controlling principals and personal technology investments
Morgan Stanley’s 2026 proxy identifies Thomas H. Glocer as independent lead director. His business background includes technology company leadership and investing.2
Yale Law School records that Glocer co-founded BlueVoyant in 2017, chaired Istari Global and was involved in Angelic Ventures and Communitas Capital. It also identifies him as a co-founder and executive chairman of Capitolis.10
Yale Law School’s separately published June 2017 biography identifies Glocer as the founder and managing partner of Angelic Ventures, an investment business focused on early-stage financial technology, media, big data and healthcare companies.14
The public records establish Glocer’s personal technology investment and leadership activities. They do not identify a verified investment by him in Israeli military surveillance technology, Israeli intelligence platforms or settlement-related technology systems.10
Other directors and senior executives
Morgan Stanley’s 2026 proxy identifies the company’s directors and senior officers, including Edward Pick, Megan Butler, Thomas Glocer, Lynn Good, Robert Herz, Yasushi Itagaki, Erika James, Hironori Kamezawa, Shelley Leibowitz, Jami Miscik, Masato Miyachi, Dennis Nally, Douglas Peterson, Mary Schapiro, Perry Traquina and Rayford Wilkins Jr.2
The proxy also identifies named executives including Sharon Yeshaya, Andrew Saperstein, Daniel Simkowitz and Eric Grossman. The retrieved filing establishes their corporate roles but does not itself establish personal investments in Israeli military cybersecurity companies.2
Corporate ownership and group attribution
The SEC filing identifies MUFG as a 24.0% beneficial shareholder and describes its corporate relationship with Morgan Stanley. It does not provide evidence that MUFG’s unrelated technology transactions are Morgan Stanley technology procurement or provision.2
Morgan Stanley’s annual report describes its banking, institutional securities, investment management and wealth management activities and their consolidated reporting structure. Specific Israeli military technology transactions were not established for its individual operating entities in the reviewed records.1
Technology ecosystem comparisons
Contemporary Israeli technology reporting describes Team8 as an investor and venture creator in cybersecurity, data infrastructure and artificial intelligence. The reviewed Team8 reporting does not identify Morgan Stanley as a participant in the described 2024 financing.15
Independent reporting on the Israeli cybersecurity sector documents substantial investment activity during 2024. Sector-wide financing totals do not establish Morgan Stanley participation in individual financing rounds.16
Israeli engineering and research facilities
No public evidence identified establishing that Morgan Stanley operates a dedicated AI research laboratory, cybersecurity development centre or software-engineering R&D facility in Israel.
Intellectual property
No public evidence identified of a material patent co-development arrangement between Morgan Stanley and Technion, Hebrew University, Weizmann Institute or an Israeli military research establishment.
Additional technology investments
An investment database covering Morgan Stanley Expansion Capital identifies additional technology and software investments, but the available records do not establish a specific Israeli military-related technology use for those portfolio companies.7
No public evidence identified of Morgan Stanley acquiring an Israeli offensive cybersecurity company or purchasing a business specifically developing software for military target generation.
Civil Society Scrutiny & Regulatory History
UN and civil society evidence
No public evidence identified within the successfully reviewed material of a UN settlement-database determination naming Morgan Stanley specifically for technology provision to Israeli settlements.
No public evidence identified within the reviewed sources of a Who Profits or AFSC investigation establishing a named Morgan Stanley surveillance technology contract with an Israeli state or settlement authority.
No public evidence identified of a completed regulatory finding against Morgan Stanley concerning the supply of offensive cybersecurity technology to Israeli institutions.
Technology-sector context and corporate involvement
The Israeli government’s Nimbus procurement documentation identifies specific government cloud providers and programme participants. Morgan Stanley was not identified among the named public-cloud providers in the reviewed procurement record.9
A 2026 SEC filing records Morgan Stanley’s corporate governance and technology-risk oversight arrangements. It does not establish that the company supplies the Israeli government with surveillance software, military cloud services or offensive cyber products.2
Divestment and boycott campaigns
No public evidence identified of a campaign specifically directed at Morgan Stanley’s documented provision of digital surveillance, biometric identification or offensive cybersecurity technology to the Israeli state.
No public evidence identified of a Morgan Stanley corporate response to such a specific technology-provision allegation.
Regulatory and legal actions
No public evidence identified of an export-control enforcement action against Morgan Stanley for supplying Israeli intelligence agencies with controlled cybersecurity products.
No public evidence identified of a judicial determination that Morgan Stanley software was deployed for surveillance activities in occupied Palestinian territory.
Disclosure and evidentiary boundaries
Morgan Stanley’s documented groundcover investment was reported in July 2026 through a publicly distributed financing announcement. The retrieved evidence establishes participation in financing an Israeli commercial cloud-technology company, without establishing an Israeli military or settlement recipient.17
The independent technology-investment database reviewed for cross-checking reports Morgan Stanley Expansion Capital’s participation in growth-stage technology transactions. That general investment activity does not establish government technology procurement or the use of specific software for surveillance.7
The SEC’s filing-index record identifies the 2026 Morgan Stanley proxy statement as a definitive shareholder disclosure filed on 2 April 2026. Its shareholder and governance information provides the reference point for the controlling-principal review in this audit.18
Footnotes
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Morgan Stanley, Form 10-K for fiscal year ended 31 December 2025, SEC filing. https://www.sec.gov/Archives/edgar/data/895421/000089542126000086/ms-20251231.htm ↩ ↩2
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Morgan Stanley, 2026 Proxy Statement, filed 2 April 2026, SEC. https://www.sec.gov/Archives/edgar/data/895421/000114036126012975/ny20058185x1_def14a.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7
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Microsoft, “Morgan Stanley and Microsoft collaborate to accelerate cloud transformation,” 2 June 2021. https://news.microsoft.com/source/2021/06/02/morgan-stanley-and-microsoft-collaborate-to-accelerate-cloud-transformation/ ↩ ↩2 ↩3 ↩4
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Microsoft, “Microsoft and OpenAI evolve partnership to drive the next phase of AI,” 21 January 2025. https://blogs.microsoft.com/blog/2025/01/21/microsoft-and-openai-evolve-partnership-to-drive-the-next-phase-of-ai/ ↩
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groundcover, corporate news archive, including the 29 July 2026 Series C announcement. https://www.groundcover.com/news ↩ ↩2 ↩3 ↩4 ↩5 ↩6
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Ynet Global, “groundcover raises $100 million as AI strains legacy cloud-monitoring tools,” 2026. https://www.ynetnews.com/business/article/rkw5w00przl ↩ ↩2 ↩3
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Massinvestor, Morgan Stanley Expansion Capital investment-firm profile. https://massinvestordatabase.com/Morgan%2BStanley%2BExpansion%2BCapital/investmentfirm.php ↩ ↩2 ↩3
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Morgan Stanley, “Morgan Stanley Wealth Management Announces Latest Game-Changing Addition to Suite of GenAI Tools,” 26 June 2024. https://web.archive.org/web/20261026190045/https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch (archived copy of www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch, Wayback 2026-10-26; live page unreachable from the verifier) ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8
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Government Procurement Administration, Israel, Nimbus Tender information. https://mr.gov.il/ilgstorefront/en/news/details/111222 ↩ ↩2 ↩3
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Yale Law School, “Thomas H. Glocer ‘84,” October 2021. https://law.yale.edu/studying-law-yale/alumni-student-profiles/thomas-h-glocer-84 ↩ ↩2 ↩3 ↩4
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Reuters, “OpenAI launches ChatGPT for financial services industry,” 10 September 2026, republished by CNA. https://www.channelnewsasia.com/business/openai-launches-chatgpt-financial-services-industry-6376941 ↩ ↩2
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Israel Innovation Authority, “The Israeli High-Tech Sector,” 2025 sector report. https://innovationisrael.org.il/en/report/the-israeli-high-tech-sector/ ↩
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KPMG Israel, “IVC-GNY-KPMG Investors Report 2024,” published 2025. https://kpmg.co.il/media/ivc__2024 ↩
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Yale Law School, “Yale Law & Business Society to Honor Thomas Glocer ‘84,” 2 June 2017. https://law.yale.edu/yls-today/news/yale-law-business-society-honor-thomas-glocer-84 ↩
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CTech, “Team8 raises $500 million in new funds, taking AUM to over $1 billion,” 5 March 2024. https://www.calcalistech.com/ctechnews/article/sjdxaqmpp ↩
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Reuters, “Israel cyber firms raise $4 billion in 2024 on surge of cloud, AI security needs,” 7 January 2025, republished by KTWB. https://ktwb.com/2025/01/07/israel-cyber-firms-raise-4-billion-in-2024-on-surge-of-cloud-ai-security-needs/ ↩
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FinancialContent, “groundcover Raises $100 Million Series C to Create the Observability Platform Built for the AI Era,” distributed 29 July 2026. https://markets.financialcontent.com/buffnews.buffalonewscom/article/bizwire-2026-7-29-groundcover-raises-100-million-series-c-to-create-the-observability-platform-built-for-the-ai-era ↩
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U.S. Securities and Exchange Commission, Morgan Stanley DEF 14A filing index, accession 0001140361-26-012975, 2 April 2026. https://www.sec.gov/Archives/edgar/data/895421/0001140361-26-012975-index.htm ↩