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...“The James Gorman we’re seeing now is not the James Gorman from year one,” said one person who has known him for years. “James is an introvert who’s become very polished.”...
...“As a result of strong net new asset growth, the firm has reached $7tn of client assets across wealth and investment management,” said chief executive Ted Pick, who took over from James Gorman at the start...
...Morgan Stanley has set a long-term goal of amassing more than $10tn in client assets. Morgan Stanley’s stock closed up 2.5 per cent on Tuesday....
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street bank, a 17.5 per cent increase from the prior year despite the bank’s lower profits....
...The Florida-based wirehouse has a substantial UK wealth management presence, thanks in part to its 2022 purchase of Charles Stanley....
...Growth in wealth management was a centrepiece of James Gorman’s tenure as chief executive, with the business growing to more than $5tn in assets, aided by the acquisitions of online trading platform ETrade...
...Morgan Stanley is planning to cut hundreds of jobs at its wealth management business in the first major action under new chief executive Ted Pick, said a person familiar with the matter....
...Blackstone has been without a vice chair since the 2021 retirement of longtime executive Hamilton “Tony” James....
...Morgan Stanley paid James Gorman $37mn in 2023 for his final 12 months as chief executive of the Wall Street firm, a 17.5 per cent increase despite the bank reporting lower profits last year....
...Morgan Stanley profits fell by almost one-third in the final quarter of last year, a bigger than expected drop brought on in part by rising costs in its wealth management unit....
...Kelleher, a veteran of Morgan Stanley, will be watching if UBS can compete with his former bank and the industry leader in wealth management....
...scenarios that just might be coming next. 2054: A Novel, by Elliot Ackerman and James Stavridis, Penguin Press $28/ Viking £18.99, 304 pages James Crabtree is the author of ‘The Billionaire Raj’ Join...
...Notable examples are Brian Aldiss’s Non-Stop (1958), Robert Heinlein’s Orphans of the Sky (1963) and more recently Kim Stanley Robinson’s Aurora (2015)....
...“Too many client relationships are [based on single] products and not necessarily priced in the right way,” Ermotti said at a Morgan Stanley event last week....
...“While there is a change in leadership there is not a change in strategy,” said Pick. “James [Gorman] and I are much more similar than not.”...
...Stanley Tucci is describing what he thinks makes a good pan....
...Three more US regulators have opened investigations into how Morgan Stanley’s wealth management division handles potentially risky clients, according to a person familiar with the matter....
...Sonja Hutson And James Politi, the FT’s Washington bureau chief. Thanks, James. James Politi Thanks for having me. [MUSIC PLAYING] Sonja Hutson Just a quick note before we go....
...Morgan Stanley has named Ted Pick as its new chief executive, replacing James Gorman who will bow out from the role after leading the Wall Street bank for nearly 14 years and transforming it into a wealth...
...In a proxy filing on Friday, Morgan Stanley said it was nominating Butler, 59, to its board during a shareholder vote at its annual general meeting on May 23....
...The company plans to sell 15.3mn shares at $31-$34 apiece, in a process being run by Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America, according to a public filing....
...Outgoing CEO James Gorman has racked up an enviable 14-year record....
...The market caps of the two US banks started to diverge in 2020, the year in which Morgan Stanley announced a pair of deals that crystallised for investors then-chief executive James Gorman’s strategy to...
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