Morgan stanley announces ted pick to become chief executive officer on january 1, 2024; james gorman to become executive chairman

New york--(business wire)--the board of directors of morgan stanley (nyse: ms) today announced that co-president edward (ted) pick will become the firm's chief executive officer, effective january 1, 2024. james gorman will become executive chairman. mr. pick will also join morgan stanley's board of directors at that time. the firm also announced that co-president andy saperstein will become the head of wealth and investment management, and that dan simkowitz will become co-president of the fir.
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