(Reuters) - James Gorman, who takes over as Morgan Stanley's <MS.N> chief executive on January 1, plans to put finance chief Colm Kelleher and banker Paul Taubman in charge of the company's institutional securities unit, the Wall Street Journal reported citing a person familiar with the situation. The shuffle has been planned in recent weeks by Gorman and the company is likely to name a new chief financial officer and announce other key appointments, the paper said. Morgan Stanley could not immediately be reached for comment by Reuters. In September, Morgan Stanley said its Chief Executive John Mack was stepping down and named retail ...
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Investment bank Morgan Stanley announced a succession plan Thursday for its CEO, John Mack, that will occur at the end of the year. Here are short sketches of Mack, his successor James Gorman, and Walid Chammah, who will become the chairman of the bank's overseas operations, based in London. > _ JOHN J. MACK. Age: 64. Mack will step down as CEO on Jan. 1, 2010 but will continue to serve as chairman. Mack has been CEO since his return to the firm in 2005 after being forced out of his prior position as president and chief operating officer in a power struggle in ...
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Wall Street investment giant Morgan Stanley announced Thursday that John Mack would give up the position of chief executive, promoting co-president James Gorman. Mack, who was ousted from the firm in 2001 and returned in 2005, will retain the title of chairman of Morgan Stanley, which weathered the financial crisis with help from capital from Japan's Mitsubishi UFJ Financial Group (MUFG). The CEO change will be effective January 1, and Gorman also will join Morgan Stanley's board of directors at the end of the year. The firm also announced that co-president Walid Chammah will become chairman of Morgan Stanley International at year-end and will ...
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NEW YORK (Reuters) - Morgan Stanley <MS.N> Chief Executive John Mack is stepping down and will be replaced by James Gorman, one of the investment bank's co-presidents. Mack, 64, will remain as chairman of Morgan Stanley, whose management has drawn criticism from some quarters lately after a string of recent losses. Mack had told the bank's board that he planned to step down from the CEO post when he turned 65 in November, the bank said in a statement on Thursday. Gorman, 51, who runs Morgan Stanley's brokerage and has been overseeing its expansion through a joint venture with Citigroup's <C.N> Smith Barney unit, ...
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Morgan Stanley has tapped industry veteran Edward Keller to lead the firms’ North American prime brokerage unit, according to an internal memo obtained by The Wall Street Journal . read more
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Starting with Anil Agarwal and ending with Nicholas Zinn, Morgan Stanley appointed 212 managing directors on Thursday, the most to achieve the bank's highest rank since 2007.
Morgan Stanley expects single-digit gains in global developed equity markets in 2010, as well as a bounce in the dollar and uneven credit markets.
Highlights from Morgan Stanley’s Global Macro Preview 2010:
Global GDP growth of 4% with 2% in G-20 countries and 6.5% in emerging economies.
Credit markets to outperform risk-free interest rates as risk [...]
LONDON--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) plans to announce its fourth quarter 2009 financial results on Thursday, January 21, 2010 at approximately 8:00 a.m. (ET). A conference call to discuss the results will be hosted by Colm Kelleher, Executive Vice President and Chief Financial Officer, on Thursday, January 21, 2010 at 11:00 a.m. (ET). The call will be available at www.morganstanley.com or by dialing 1-877-895-9527 (domestic) and...
The Wall Street Journal today offered the following anecdote as an example of how James Gorman, Morgan Stanley's new CEO, is an exemplar of the new, more cautious era on Wall Street.
Before his first day at Morgan Stanley in 2006, James Gorman went to Las Vegas to play poker. He watched Texas hold 'em for hours, without ordering a drink. Once he started playing, he won hundreds of dollars, says a person who was there. It isn't much of...
LONDON--(BUSINESS WIRE)--Please be advised the following issue has been called due to Early Redemption on 23/12/09. Morgan Stanley Series 3274 GBP 1,238,000 Due 29 Dec 2014 - XS0406233618 The outstanding balance will therefore be zero. Please amend your records accordingly.
Morgan Stanley's recently released "Mobile Internet Report" is an extensive look at the impact of the swiftly changing mobile Internet market. The report has been formulated by an expert team of international technology and telecom analysts at Morgan Stanley.
Morgan Stanley hat Bed Bath and Beyond ;lt;BBBY.NAS;gt; ;lt;BBY.FSE;gt; mit Overweight gestartet. Analyst Gregory Melich begründete dies in einer am Dienstag veröffentlichten Studie mit dem gestiegenen organischen Wachstum. Zudem dürften die operativen Margen der auf Einrichtungsgegenstände spezialisierten Einzelhandelskette auch in den nächsten drei bis fünf Jahren weiter zulegen.
Walid Chammah, 53, joined Morgan Stanley in 1993 as Head of U.S. Debt Capital Markets. In 1996, he was promoted to Worldwide Head of Debt Capital Markets Services. In 2001, Mr. Chammah's responsibilities were extended to include Worldwide Leveraged Finance and in 2002, he formed and was Head of the Global Capital Markets Group, which combined the Firm’s debt and equity capital markets activities. In 2005, Mr. Chammah was named Global Head of Investment Banking and in July 2007, he was named Chairman and Chief Executive Officer of Morgan Stanley International overseeing all of the Firm’s operations in Europe, the Middle East, and Africa.
Before joining Morgan Stanley, Mr. Chammah was a managing director of Credit Suisse First Boston, responsible for U.S. Taxable Fixed Income Capital Markets and Structured Finance Groups. He had previously been a senior vice president with Blyth Eastman PaineWebber, responsible for liability management swaps.
A native of Lebanon, Mr. Chammah graduated from the American University of Beirut with a Bachelor of Business Administration in 1976 and received a Masters Degree in International Management from American Graduate School of International Management in 1977.
Good times continue at the Big Board; Board attitudes continue to evolve; ALSO NOTED: What is portable alpha?; Jeff Vinik's personal investments grow to $1.8B; and much more... New ...
Walid Chammah is Chairman and Chief Executive Officer of Morgan Stanley International. He joined Morgan Stanley in 1993 as Head of U.S. Debt Capital Markets.
CNBC - SAN FRANCISCO (Thomson Financial) - Morgan Stanley late Thursday named Walid Chammah and James Gorman as co-presidents, effective Dec. 1. On a day-to-day basis, Institutional Securities will re