Wednesday, 23 Jun 2021

Morgan Stanley CEO shakes up leadership with eyes on a successor – Bloomberg News

FILE PHOTO: A file photo showing the logo of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton/File Photo

(Reuters) – Morgan Stanley Chief Executive Officer James Gorman has unveiled a slew of leadership changes at the bank with eyes on a successor for the top job, Bloomberg News reported on Thursday.

Ted Pick, the head of the bank’s institutional securities group, and Andy Saperstein, the head of its wealth management unit, were tapped as co-presidents, the report said. (bit.ly/3weXdGG)

The bank did not immediately respond to a Reuters request for comment.

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