The Aussie who turned Morgan Stanley into a ‘killer machine’
The Sydney Morning Herald
23-05-22 00:05
Morgan Stanley CEO James Gorman has announced that he will be stepping down within a year, but will remain as executive chairman with a yet-to-be-revealed successor to take his place as CEO. Under Gorman's leadership since 2010, the firm made a series of major acquisitions, including Eaton Vance, E*Trade and Solium Capital, transforming it into a wealth management firm that manages up to $15tn. Gorman has so far made no announcement regarding the length of his tenure as executive chairman. Morgan Stanley's co-presidents Ted Pick and Andy Saperstein, along with head of investment management Dan Simkowitz, are viewed as potential successors to Gorman.