Bank Co-President Ted Peake will become the new CEO of Morgan Stanley
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Morgan Stanley President Ted Peak has been appointed by the board of directors as the bank’s new CEO. About it reported In the press service of the bank.
“The board unanimously determined that Ted Peake is the right person to lead Morgan Stanley and build on the success the firm has achieved under the exceptional leadership of James Gorman,” said lead director Tom Gloser.
Peek will take over on Jan. 1, 2024. Current bank CEO James Gorman, who announced his retirement earlier this year, will serve as executive chairman of Morgan Stanley.
Another co-president of the bank, Andy Saperstein, will head the asset and investment management department. The head of the investment management unit Deng Simkovitz received the position of Coostrotesian Bank and will head the department of institutional securities. Sapershteina and Simkovitsa were previously called candidates for the post of CEO of Morgan Stanley.
The fact that Gorman decided to resign from his post became It is known at the annual meeting of shareholders on May 19. He joined Morgan Stanley in 2006 and took over the bank in 2010. In 2011, he also became chairman of the company’s board of directors, replacing John Mack, who had led the bank since 2005.
Ted Piku is 54 years old. He joined Morgan Stanley in 1990 and was named managing director in 2002. At various times, he held positions of head of equity capital markets, sales and trading, and institutional capital. For the past two years, Peake served as co-president of the bank and headed its institutional securities division. In this position, he oversaw investment banking activities. In addition, Peake is a trustee of the Metropolitan Museum of Art in New York.
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