Page 14 - Dan Simkowitz News Today

Morgan Stanley’s James Gorman plans to step down as chief executive in the next 12 months and assume the role of executive chairman.

James Gorman, who became CEO at the beginning of 2010, said early in the year that there are three finalists to take over when he leaves.

1421 ET -- Morgan Stanley is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Chief Executive James Gorman said he is stepping... | May 19, 2023

James Gorman announced he will step down as Morgan Stanley chief executive officer after a 13-year stint.

Whos for Ted?

The chief executive of Morgan Stanley confirmed Friday he intends to step down from his role with the New York investment bank within a year.

(Reuters) - Morgan Stanley will likely appoint its next CEO in the next 12 months, its current Chief Executive James Gorman said on Friday. Gorman, 64...

Gorman helped lead the company out of the 2008 financial crisis. Since he became CEO, Morgan Stanley has acquired E-Trade and Eaton Vance.

Both executives, along with JPMorgan Chase & Co. Jamie Dimon, have steered their respective firms in the aftermath of the financial crisis. Morgan Stanley's board has chosen three candidates who could take the helm, and Gorman will become executive chairman for a period when the new CEO takes over, he said, without naming his potential successors.

The chief executive of Morgan Stanley confirmed Friday he intends to step down from his role with the New York investment bank within a year.