Morgan Stanley Chief Executive Officer James Gorman has no immediate plans to st...
FILE PHOTO: James P. Gorman, chairman & CEO of Morgan Stanley, testifies before a House Financial Services Committeeon Capitol Hill in Washington, U.S., April 10, 2019. REUTERS/Aaron P. Bernstein
“I want to develop a team to replace me,” he said, adding he had “no desire to be here when I’m 70 years old.” After Kelleher’s departure was announced, Gorman had said co-presidents could be named, but no appointments have been made yet.
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