James Gorman has announced that he plans to retire next spring — and a top contender to succeed him is the bank’s notoriously foul-mouthed head of investment management.
after a 13-year stint transforming the investment bank into a Wall Street powerhouse — and a top contender to succeed him is the bank’s notoriously foul-mouthed head of investment management.
Pick also has doubled Morgan Stanley’s market share among the five big US investment firms since 2015, when he was elevated to oversee both stock and debt trading,Morgan Stanley CEO James Gorman reportedly plans to retire by May 2024, but he’s been dragging his feet on naming a successor.Gorman’s predecessor John Mack reportedly liked to prank Pick over his penchant for profanity, insiders told The Journal.
A New York-based senior trader also told the outlet at the time that Pick was “being groomed,” for the CEO role. “And he’s delivering.” “Dan is the consummate CEO,” another former managing director told Insider. “He is going to be a CEO somewhere if he doesn’t get this job. It just won’t be at Morgan Stanley.”
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