The Aussie who transformed Morgan Stanley, deal by deal
James Gorman is standing down as chief executive after more than a decade heading one of the world’s biggest investment banks. Three contenders are though to be vying for his job.
New York | When James Gorman made one of the biggest announcements of his career – that he would be stepping down as Morgan Stanley chief executive within a year – he still managed to crack a joke.
“An issue of paramount importance to shareholders, employees and clients is, of course, succession – and no, I’m not just talking about the TV series,” Melbourne-born Mr Gorman told shareholders at the company’s virtual annual meeting on Friday (Saturday AEST).
