Morgan Stanley CEO stepping aside within a year
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.
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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.