Two Candidates Emerge at Morgan Stanley as Potential Successor to CEO Gorman
Two candidates have emerged as the front-runners to take over for CEO James Gorman when he eventually retires from Morgan Stanley (NYSE: MS).
The investment bank and asset and wealth manager announced today that Ted Pick and Andy Saperstein will become co-presidents of Morgan Stanley.
Pick currently leads the bank's institutional securities business and will now also take over Morgan Stanley's international operations and become co-head of the bank's strategy and execution. Saperstein leads Morgan Stanley's wealth management business and will take over firmwide markets.
Source Fool.com
