Monday, December 11, 2023
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > Morgan Stanley CEO announces retirement

Morgan Stanley CEO announces retirement

in News
Morgan stanley penalizes employees for whatsapp breaches
Share on LinkedinShare on WhatsApp

Morgan Stanley’s long-time CEO James Gorman will retire in the next 12 months, he said Friday at the bank’s annual shareholder meeting.

Gorman said the bank is looking at three senior internal candidates to be the investment bank’s new top executive. Gorman said he plans to remain at the bank as executive chairman of the board for a period of time after a successor is named.

Gorman joined Morgan Stanley as chief operating officer of its Global Wealth Management Group in early 2006 and was co-president of the Wall Street bank within a year.

Gorman became CEO in 2010 in the wake of the financial crisis, when the storied investment bank came dangerously close to collapsing. Morbding securities and making deals grew highly volatile.

Gorman made it his mission to stabilize Morgan Stanley’s business for the long term. The firm built out its wealth management business substantially, a business that brings in regular fee income instead of when deals close, and a division he was very familiar with. Morgan Stanley also bought E*Trade and Eaton Vance to further build out its wealth management business.

That arm of the business now makes up roughly half of Morgan Stanley’s revenue.

By Ken Sweet / AP

Tags: BankingMorgan StanleyUnited States

Related Posts

Paramount stock rises on back of takeover rumors
Business

Paramount stock rises on back of takeover rumors

Us adds nearly 200,000 jobs to the economy in november
Industry

US adds nearly 200,000 jobs to the economy in November

Us set to approve dna-editing treatment for sickle cell patients
Innovation

US set to approve DNA-editing treatment for sickle cell patients

Lululemon stock falls after holiday guidance
Business

Lululemon stock falls after holiday guidance

Us mortgage rate reaches lowest level since august
Industry

US mortgage rate reaches lowest level since August

Levi strauss taps michelle gass as new ceo
Management & Leadership

Levi Strauss taps Michelle Gass as new CEO

Us mortgage refinance demand surges 14%
Industry

US mortgage refinance demand surges 14%

Us consumers purchased one million evs in 2023
Industry

US consumers purchased one million EVs in 2023

Mcdonald’s aims to add 9,000 new locations by 2027
Business

McDonald’s aims to add 9,000 new locations by 2027

Sag-aftra ratifies deal with amptp
Industry

SAG-AFTRA ratifies deal with AMPTP

No Result
View All Result

Recent Posts

  • ‘Godzilla Minus One’ success shows moviegoers still crave action movies
  • Startup offers eco friendly homes constructed from soil
  • Google Gemini AI demonstration faces backlash
  • CosMc’s is McDonald’s ambitious answer to coffee chains
  • DTC orthodontics company SmileDirectClub shutters doors

Recent Comments

  • CEO North America, August - September 2023 - CEO North America on Interviews – CEO North America, October – November 2022
  • CEO North America, August - September 2023 - CEO North America on CEO North America, December 2022 – January 2023
  • CEO North America, August - September 2023 - CEO North America on Why Tech Companies Are Moving to Texas and Florida
  • CEO North America, August - September 2023 - CEO North America on CEO North America, February 2023 – March 2023
  • Lab-Grown Milk Has Huge Potential to Disrupt Dairy – Simply Commodities on The dairy industry is in trouble

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
advertising@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
advertising@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

CEO North America © 2022 - Sitemap

No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In