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James Gorman: says Morgan Stanley is in a “great position” |
After just four years with Morgan Stanley, James Gorman will be taking over as chief executive from John Mack in January. Mack is continuing at the firm as chairman, and Walid Chammah, who at present is co-president with Gorman, will become president of the firm, and chairman of the international business, remaining in London.
Gorman says he views the new structure of three overseeing heads as “one of the better recent succession plans on Wall Street”.
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