Morgan Stanley will likely appoint its next CEO in the next 12 months, its current Chief Executive James Gorman said on Friday.
ANDY SAPERSTEIN, 56
Andy Saperstein is the firm's co-president and head of its wealth management unit, which has grown through a series of acquisitions under Gorman. Saperstein previously served as chief operating officer in the institutional securities group. He joined Morgan Stanley in 2006 as COO of national sales and became head of U.S. wealth management after the acquisition of Smith Barney in 2009.
Earlier in his career, Saperstein held numerous leadership roles at Merrill Lynch and was a partner in the financial institutions group of McKinsey & Co.Dan Simkowitz is head of investment management at Morgan Stanley and co-head of the firm's strategy and execution.Simkowitz was previously the co-head of global capital markets and was the lead capital markets partner for the firm’s assignments for the U.S. Treasury and Federal Reserve during 2008 to 2012.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Morgan Stanley CEO plans to step down within the year, sparking Wall Street succession raceMorgan Stanley's board has narrowed its CEO search to three 'very strong' internal candidates to succeed Gorman, the chief said.
Lire la suite »
Morgan Stanley CEO Gorman expects bank to appoint successor in 12 months By Reuters*MORGAN STANLEY CEO JAMES GORMAN PLANS TO STEP DOWN WITHIN THE NEXT 12 MONTHS $MS
Lire la suite »
Morgan Stanley CEO James Gorman to step down, hasn’t named successor“The specific timing of the CEO transition has not been determined, but it is the board’s and my expectation that it will occur at some point in the next 12 months,” Gorman said.
Lire la suite »
Morgan Stanley’s stock has underperformed the market since James Gorman became CEO in 2010Morgan Stanley's stock took a hit Friday after longtime CEO Gorman announced plans to step down, but the stock has underperformed the market during his tenure.
Lire la suite »
Morgan Stanley CEO James Gorman to step down within next 12 months | CNN BusinessMorgan Stanley chief executive James Gorman will step down as the company’s head within the next 12 months, he said Friday at the bank’s annual shareholder meeting.
Lire la suite »
Morgan Stanley CEO Gorman to hand reins to successor within a yearMorgan Stanley's James Gorman plans to step down as chief executive within a year but stay on as executive chairman, drawing to a close 13 years in the role during which he built the Wall Street firm into a wealth management powerhouse.
Lire la suite »