Lazard Taps a New CEO, but Who Will Succeed James Gorman?
From Morgan Stanley to Lazard to JPMorgan, questions about Wall Street's succession intrigue stand to make it a sizzling hot summer.
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From Morgan Stanley to Lazard to JPMorgan, questions about Wall Street's succession intrigue stand to make it a sizzling hot summer.
Morgan Stanley could be a different place, depending upon who is chosen.
Recently, James P Gorman, the CEO of the multinational investment bank and financial services company Morgan Stanley, made a notable announcement regarding his plan to step down from his current position within the next 12 months. Gorman who joined Morgan Stanley in 2006 as the President and Chief Operating Officer of the Global Wealth Management Group, eventually assumed the role of CEO in 2010 and chairman in 2012. Following the announcement of James P Gorman's resignation, the competition for the
Progress has been consistent and free of the volatility of its great rival Goldman. Shareholders have been rewarded and bid up Morgan Stanley’s stock price.
The growth and importance of the firm’s wealth management business has made Andy Saperstein—head of that division—a favorite to become the next CEO.