The exit of the bank’s chief operating officer narrows the list of potential successors to replace CEO James Gorman to just three.
Morgan Stanley chief operating officer Jon Pruzan, a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer, is exiting the firm.
“He has been a trusted adviser to me for many years,” Mr Gorman said in a message to staff on Monday. Mr Pruzan “has had a seat at the table and a voice in the decision-making process for many of the key decisions that the firm has made over the past decade.” With Mr Pruzan’s exit, that list has been whittled down to Ted Pick and Andy Saperstein, the New York-based firm’s co-presidents and CEO front-runners. Dan Simkowitz, the investment-management chief, is also in the running.Mr Gorman has been CEO since January 2010, a 13-year run in which the bank recovered from, transforming itself into a business relying on the twin engines of the investment bank and wealth management.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boy dies after car crash involving alleged drink driver in NSWA family from the NSW Central Coast is grief-stricken and angry after the death of a nine-year-old boy who was injured in a crash involving an allegedly drunk driver. 9News
Read more »
Boy dies after car crash involving alleged drink driver in NSWA family from the NSW Central Coast is grief-stricken and angry after the death of a nine-year-old boy who was injured in a crash involving an allegedly drunk driver. 9News
Read more »
South Africa police investigate alleged plot to poison CEO with cyanideAndré de Ruyter, who stepped down from utility firm Eskom, drank coffee suspected to be laced with poison
Read more »
McDonald's ex-CEO fined for allegedly misleading investors about his firingFormer McDonald&x27;s CEO Steve Easterbrook will pay US$400,000 to settle charges that he allegedly misled investors about the circumstances of his 2019 firing following a relationship with an employee.
Read more »
Former McDonald’s CEO fined and banned over sex scandalsThe fast food giant was also charged for public disclosure violations by the US regulator, but was spared any penalties.
Read more »
The shortlived era of the woke CEO is already overOPINION: Corporations may be realising they overestimated the goodwill generated from their CEOs public stances on issues such as gender rights, and metoo.
Read more »