Morgan Stanley Names Ted Pick, a 2008 'Battle-Tested' Exec, New CEO
Morgan Stanley said Oct. 25 it has named Ted Pick, currently the bank's co-president, as its new CEO starting 2024, replacing James Gorman.
Source: observer.com
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Morgan Stanley said Oct. 25 it has named Ted Pick, currently the bank's co-president, as its new CEO starting 2024, replacing James Gorman.
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The downgrade comes as investors wait for management to name a successor to James Gorman, who said in May he planned to step down in the next 12 months.
By Ramishah Maruf, CNN
The announcement ends the top succession race on Wall Street. Morgan Stanley announced in May that Gorman intended to step down within a year.