Morgan Stanley, Goldman Sachs plan to move large portions of operations out of NYC

NEW YORK - Two major financial services companies whose operations were disrupted by the Sept. 11 terrorist attacks plan to move large portions of their operations out of lower Manhattan. <br> <br> Morgan Stanley Dean Witter, the financial services firm that had been the World Trade Center&#39;s largest tenant, said it has tentatively agreed to buy Texaco Inc.&#39;s former world headquarters in suburban Harrison in Westchester County. <br> <br> Goldman Sachs Group Inc. -- the investment bank headquartered at 1 New York Plaza in the downtown financial district -- is reportedly moving its entire equities and equities-related staff, including its traders, to its new 40-story office building being built in Jersey City, N.J. <br> <br> In an internal memo obtained by several news organizations, the company cited &#34;the increased importance, after the terrible events of Sept. 11, of distributing our major businesses in New York beyond the boundaries of lower Manhattan.&#34; It also said the company&#39;s staff had grown faster than its available real estate in New York City. <br> <br> The memo did not specify how many people would make the move to the new space. <br> <br> Kathleen Baum, a spokeswoman for Goldman, did not immediately return a call seeking comment Tuesday. <br> <br> Morgan Stanley said Monday it expected most of its 14,000 workers in Manhattan to stay put. <br> <br>

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