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...In a wide-ranging interview with the Financial Times days before he hands over as CEO to Morgan Stanley co-president Ted Pick, Gorman also said the banking system had become much safer in his 14-year tenure...
...Rival Morgan Stanley reported that the mean pay gap at its main UK subsidiary edged lower in 2023 to 48 per cent from 48.8 per cent....
...The Swiss lender trades at about 1.2 times tangible book value, compared with about two times for Morgan Stanley; both banks have large wealth management operations....
...she said of Simon Smith, global co-head of the investment banking division at Morgan Stanley....
...to communicate with the buy-side in advance of block trades and trained its employees on those policies; (v) MORGAN STANLEY has no prior criminal history of any kind, including no prior NPA or DPA; and...
...Kelleher, a veteran of Morgan Stanley, will be watching if UBS can compete with his former bank and the industry leader in wealth management....
...In the current litigation, Frasers said Morgan Stanley rejected it as a client in April 2021 and alleged this was because Simon Smith, global co-head of the investment banking division at Morgan Stanley,...
...The two other top candidates for the top job — Andy Saperstein and Dan Simkowitz — are staying on at Morgan Stanley as co-presidents to Pick....
...In today’s newsletter: Goldman’s internal turbulence A UK retail billionaire battles Morgan Stanley The IRS looks to tax private jet travel Goldman: will the real co-head please stand up Not all co-heads...
...Appearing before the High Court on Thursday, Simon Smith, global co-head of Morgan Stanley’s investment banking division, denied Frasers’ suggestion that it imposed a $1bn margin call to cover a trading...
...Morgan Stanley co-president Andy Saperstein, who was until last month a leading contender to be the Wall Street bank’s next chief executive, told employees on Tuesday that he had been diagnosed with cancer...
...Morgan Stanley also promoted Jacques Chappuis and Ben Huneke as co-heads of investment management....
...“[W]hile many factors weighed in Morgan Stanley’s favour, including extraordinary co-operation and remediation, the misconduct was not uncovered and voluntarily disclosed,” said Damian Williams, the US attorney...
...Morgan Stanley Infrastructure Partners will take a 70 per cent stake in the network of 257 data centres across France at an enterprise value of €764mn....
...would be determined by the performance of Morgan Stanley’s stock price over the next three years....
...Goldman Sachs publishes results on April 15 while Morgan Stanley and BofA will do the same the following day....
...Simkowitz will also become co-president with Saperstein, Morgan Stanley said on Wednesday. Gorman will become executive chair of the board of directors....
...Last November it sold a majority stake in its data centre business to a Morgan Stanley infrastructure fund....
...The moves announced on Wednesday will place Gorman, who is stepping down as chief of Morgan Stanley at the end of this year, on a special succession planning committee....
...The two men will also be Pick’s co-presidents....
...Morgan Stanley is increasingly confident that investment banking is showing signs of a rebound following more than a year of sluggish dealmaking activity, said a top executive....
...In this environment, banks including HSBC and Morgan Stanley are cutting jobs. Law firms including Kirkland have also cut jobs....
...Zoom out beyond Morgan Stanley and Citi and their moves hint at broader pressures....
...That will turn the spotlight on the oil and gas teams at Goldman and Morgan Stanley, both of which have moved to build their energy expertise over the past decade....
...Notwithstanding the tension, Morgan Stanley alongside PJT Partners, founded by the Morgan Stanley alumnus Paul Taubman, advised Discover on the Capital One buyout....
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