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Morgan Stanley CEO Gorman says successor would benefit from global experience -Breaking


© Reuters. 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/File Photo

NEW YORK (Reuters), James Gorman, Morgan Stanley’s Chief Executive said that his successor would be able to benefit from global experience along with strong “core values” in an interview for Reuters Breakingviews.

Gorman, now 63 and the leader of the bank, indicated earlier this month that while he doesn’t anticipate being in his current post for five years, he does not intend to.

Analysts have identified possible replacements for Ted Pick, the bank’s Head Of Institutional Securities, Andy Saperstein Head of Wealth Management, Jonathan Pruzan Chief Operating Officer, Sharon Yeshaya Chief Financial Officer, and Ted Pick Head of Institutional Securities.

Gorman responded to a question regarding the characteristics his successor would need: “Highly on the list, the core values of an individual as well as specific skills you’d prefer them to have.”

Gorman stated that it would be a benefit to have worked in other regions.

“I came from a diverse background. While I was in Hong Kong, I also spent some time in Japan. I have spent much of my time in Europe and Spain. That helps me.

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