Morgan Stanley's CEO Succession Highlights Diversity Gap on Wall Street.

The absence of women from the list of potential successors for Morgan Stanley's CEO underscores the importance of cultivating and retaining diverse talent, according to corporate governance experts. Recent workforce diversity data shows that women are less represented in leadership positions at Morgan Stanley than at other top US banks. The bank has several women in top roles, including CFO Sharon Yeshaya, but experts say firms need to have a pipeline of diverse talent if they want to find diverse leaders. Across the financial industry, women held just 5% of CEO jobs in 2021, according to a Deloitte study.