Morgan Stanley CEO Ted Pick Elected Chairman of the Board in 2025

Morgan Stanley (NYSE: MS) has disclosed in a recent 8-K filing with the Securities and Exchange Commission that Chief Executive Officer Edward Pick is set to assume the additional position of Chairman of the Board, effective from January 1, 2025. Alongside this announcement, it was made known that James P. Gorman, the current Chairman, will transition to the role of Chairman Emeritus, a non-director honorary title, also effective January 1, 2025.

Ted Pick expressed his gratitude towards James Gorman for his exceptional leadership over the past 15 years, which has transformed Morgan Stanley into a world-class global financial institution with a sustainable business model. In his statement, Pick acknowledged Gorman’s contribution to the firm and thanked him for his guidance and support. The Board’s confidence in Pick as the incoming Chairman was also highlighted.

In response to the transition, outgoing Chairman James Gorman expressed his readiness to pass on the leadership responsibility to the next generation of talent within Morgan Stanley. Having been a pivotal part of the company for nearly two decades, Gorman acknowledged his privilege to work alongside dedicated and values-driven colleagues. He expressed confidence in Ted Pick’s leadership, foreseeing continued success for Morgan Stanley under his guidance.

The Board’s Lead Director, Tom Glocer, commended James Gorman for his transformative leadership during his tenure. Glocer emphasized the strategic vision, execution patience, and talent development focus that Gorman brought to the firm. He highlighted Pick’s strong track record as Chief Executive and expressed optimism about his ability to drive further growth and maintain the firm’s culture and values as Chairman and CEO.

Morgan Stanley, a prominent global financial services firm offering a comprehensive array of services including investment banking, wealth management, and investment management, expressed its commitment to delivering exceptional services to clients across the globe. For more information about Morgan Stanley, interested parties are encouraged to visit the company’s official website.

Media Relations Contact: Wesley McDade – 212.761.2430
Investor Relations Contact: Leslie Bazos – 212.761.5352

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Morgan Stanley’s 8K filing here.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.