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Traders Magazine Ted Pick and Andy Saperstein have been named Co-Presidents of Morgan Stanley, effective June 1, 2021. Pick leads Morgan Stanley’s Institutional Securities business and will now also be responsible for Morgan Stanley’s international operations and become the Co-Head of Firm Strategy and Execution. Saperstein leads Morgan Stanley’s Wealth Management business and will now be responsible for all Wealth Management channels. He will also assume responsibility for Firm-wide Marketing globally. Dan Simkowitz, Head of Investment Management, will in addition be Co-Head of Firm Strategy and Execution. Jonathan Pruzan, currently Morgan Stanley’s Chief Financial Officer, will become Chief Operating Officer, with responsibility for Technology, Operations and Firm Resilience; Morgan Stanley’s U.S. Banks, and Corporate Services. ....
Morgan Stanley defies bank diversity trend The leadership changes announced Thursday position a slate of potential successors to CEO James Gorman who are mostly white and male. May 20, 2021 4 MINS After years of talking about the need for more equality on Wall Street, two of the biggest banks just previewed what the finance industry’s next generation of leaders will look like. At Morgan Stanley, they’ll resemble the old guard. Chief Executive James Gorman unveiled his biggest leadership change in over a decade, positioning a slate of potential successors that’s mostly white and male just as Wall Street’s bosses have been for decades. The group includes trading architect Ted Pick and wealth management leader Andy Saperstein, plus investment management’s Dan Simkowitz and new Chief Operating Officer Jon Pruzan. ....
US in the news: Morgan Stanley names co-presidents international-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from international-adviser.com Daily Mail and Mail on Sunday newspapers.
Morgan Stanley Bucks Bank Diversity Trend With New Crop of Stars wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.