Morgan Stanley CEO James Gorman announced he is stepping down from his chief executive position at the bank's annual shareholders meeting this week.
Morgan Stanley CEO James Gorman attends the Reuters NEXT Newsmaker event in New York City, New York.
As CEO, Gorman struck major deals including the acquisitions of money manager Eaton Vance, online broker E*Trade and stock-plan manager Solium Capital. He was also the key architect behind Morgan Stanley's purchase of Smith Barney, a brokerage and investment adviser that became a cornerstone of the bank's wealth management arm.
Morgan Stanley's first-quarter profit beat expectations as rising revenue from wealth management in the first quarter offset declines inFox Business's Joe Toppe and Charlie Gasparino contributed to this report.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Morgan Stanley CEO James Gorman to step down, hasn’t named successor“The specific timing of the CEO transition has not been determined, but it is the board’s and my expectation that it will occur at some point in the next 12 months,” Gorman said.
Weiterlesen »
Morgan Stanley’s stock has underperformed the market since James Gorman became CEO in 2010Morgan Stanley's stock took a hit Friday after longtime CEO Gorman announced plans to step down, but the stock has underperformed the market during his tenure.
Weiterlesen »
Morgan Stanley CEO James Gorman to step down within next 12 months | CNN BusinessMorgan Stanley chief executive James Gorman will step down as the company’s head within the next 12 months, he said Friday at the bank’s annual shareholder meeting.
Weiterlesen »
As Morgan Stanley looks to replace James Gorman, where are the female bank CEOs?The three internal candidates to succeed James Gorman as Morgan Stanley CEO are all men, according to reports.
Weiterlesen »
Morgan Stanley CEO Gorman expects bank to appoint successor in 12 months By Reuters*MORGAN STANLEY CEO JAMES GORMAN PLANS TO STEP DOWN WITHIN THE NEXT 12 MONTHS $MS
Weiterlesen »
Morgan Stanley CEO Gorman to hand reins to successor within a yearMorgan Stanley's James Gorman plans to step down as chief executive within a year but stay on as executive chairman, drawing to a close 13 years in the role during which he built the Wall Street firm into a wealth management powerhouse.
Weiterlesen »