Morgan Stanley CEO James Gorman to Depart Within a Year.
TL;DR Summary
James Gorman, the CEO of Morgan Stanley, is set to step down within a year, according to sources. The bank is said to be working on a succession plan, with a formal announcement expected in the coming months. Gorman has been at the helm of Morgan Stanley since 2010 and oversaw the bank's transformation into a more stable and profitable financial services firm.
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