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Morgan Stanley announces executive transitions.

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Global Banking News-October 26, 2023--Morgan Stanley announces executive transitions

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Global Banking News - 26 October 2023

Morgan Stanley (NYSE: MS) has said that co-president Edward Pick will become the firm's chief executive officer, effective January 1, 2024.

In addition, James Gorman will take charge as executive chairman. Pick will also join the firm's board of directors, effective the same date. The firm also said that co-president Andy Saperstein will become the head of Wealth and Investment Management, and that Dan Simkowitz will become co-president of the firm and the head of Institutional Securities.

Gorman had announced at the firm's 2023 annual general meeting of shareholders his intention to step down as chief executive officer before the 2024 annual general meeting.

Pick has served as co-president of Morgan Stanley for the past two years. As head of the Institutional Securities Group, he oversees Investment Banking, Equities, Fixed Income, Capital...

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