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The bank's revenue from asset management slipped 2%. The bank has set a target to increase assets under management to $10 trillion, it said in May, adding it was open to acquisitions.Morgan Stanley's revenue climbed 2% to $13.46 billion while expenses rose 8% to $10.48 billion
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NEW YORK, June 29 (Reuters) - Morgan Stanley's board will focus on the selection of CEO James Gorman's successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to cle...
Gorman, who has run the Wall Street giant since 2010, announced last month that he would step down within a year, setting off speculation about which executive would be chosen to succeed him in one of the most powerful roles in finance.
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Morgan Stanley's board will focus on the selection of CEO James Gorman's successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to clear the decks by resolving major regulatory matters.