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

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

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.

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