Morgan Stanley Has a New CEO. Who Is Ted Pick—and What Will He Mean for the Stock?

There will be a new leader sitting atop Morgan Stanley at the start of 2024 and he faces a tall order: maintaining the momentum that has made the bank so successful over the last decade and a half while also navigating new challenges. Ted Pick was named the new CEO of Morgan Stanley (ticker: MS) Wednesday night, succeeding James Gorman, who held the title since 2010. Pick, who is currently a co-president at the bank, overseeing investment-banking and trading, will formally assume the role on Jan. 1, 2024.