Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1

Finance

James Gorman, Morgan Stanley CEO, July 18, 2023.
CNBC

Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024.

Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will also join the bank’s board, the bank said in a release. Gorman will stay on at the bank as executive chairman.

This is breaking news. Please check back for updates.