- James Gorman is stepping down as CEO of Morgan Stanley after 13 years leading the bank.
- A new CEO is expected to be named within the next 12 months, and Gorman will become executive chairman.
- Morgan Stanley has identified three strong senior candidates to be the next chief.
- Gorman transformed Morgan Stanley from a risky business to a leading wealth-management institution.
- Morgan Stanley's wealth-management unit accounted for about 45% of revenue in the first quarter of 2023.
Morgan Stanley’s James Gorman to Step Down as CEO
Says he expects his successor to be named within the next 12 months
AnnaMaria Andriotis
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