BUSINESS BRIEFING
- Share via
John J. Mack will step down as chief executive of Morgan Stanley in January but remain chairman. He navigated the bank through the height of the financial crisis last year.
Mack, 64, will be succeeded by James Gorman, the head of Morgan Stanley’s wealth management business, the bank said. Gorman, 51, was one of the first executives Mack hired when he returned to the firm in 2005. Gorman has been co-president of Morgan Stanley for two years and was a key player in the firm’s retail brokerage Morgan Stanley Smith Barney.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
