– USA, NY – Morgan Stanley (NYSE: MS) today announced the appointment of current Co-President Ted Pick to its Board of Directors as CEO, effective January 1, 2024, succeeding James Gorman who will step into the Executive Chairman role.
About Edward Pick
Edward (Ted) Pick has served as Co‐President of Morgan Stanley for the past two years. As Head of the Institutional Securities Group, he oversees Investment Banking, Equities, Fixed Income, Capital Markets, and Research. He is also the Co‐Head of the Firm’s Strategy.
Prior to his current role, Mr. Pick served as Global Head of Sales and Trading, engineering a turnaround of the Firm’s Fixed Income Division. As Head of Institutional Equities, he led that business to a leading global position. Mr. Pick was previously Head of Equity Capital Markets. He also helped the Firm actively raise capital during the financial crisis.
Mr. Pick joined Morgan Stanley in 1990 and was promoted to Managing Director in 2002. He is a member of the Firm’s Operating Committee (2012), Management Committee (2008), and Morgan Stanley‐MUFG Steering Committee (2013).
Mr. Pick said, “Morgan Stanley is a storied institution, and I am deeply honored to have been chosen to lead it. We have a global diversified business with a leading client franchise. Thanks to James’ excellent leadership, our Firm is now well-positioned to succeed across market cycles, and I am excited about the opportunities for future growth. Morgan Stanley has exceptionally talented people and is home to a deep culture and abiding values. I also want to thank the Board for the confidence they have expressed in me.”
Mr. Pick graduated Phi Beta Kappa from Middlebury College and received an MBA from the Harvard Business School. He is a Trustee at the Metropolitan Museum of Art serving on the MET’s Investment and Nominating & Governance Committees. Mr. Pick is Chair of the Advisory Board for the Morgan Stanley Alliance for Children’s Mental Health and a board member of the Institute of International Finance.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management, and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions, and individuals.
SOURCE: https://www.morganstanley.com/
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