Chief Executive Officer James Gorman unveiled his biggest leadership change in over a decade, positioning a slate of potential successors that’s mostly White and male -- just as Wall Street’s bosses have been for decades.
During a panel at FINRA's annual conference, Executive Vice President and Chief Legal Officer Bob Colby said the agency is speaking with SEC staff about the extension.
Ted Pick, the architect of Morgan Stanley’s trading revival, and Andy Saperstein, who built the company into a wealth-management powerhouse, were tapped as co-presidents.
