Morgan Stanley will likely appoint its next CEO in the next 12 months, its current Chief Executive James Gorman said on Friday.
ANDY SAPERSTEIN, 56
Andy Saperstein is the firm's co-president and head of its wealth management unit, which has grown through a series of acquisitions under Gorman. Saperstein previously served as chief operating officer in the institutional securities group. He joined Morgan Stanley in 2006 as COO of national sales and became head of U.S. wealth management after the acquisition of Smith Barney in 2009.
Earlier in his career, Saperstein held numerous leadership roles at Merrill Lynch and was a partner in the financial institutions group of McKinsey & Co.Dan Simkowitz is head of investment management at Morgan Stanley and co-head of the firm's strategy and execution.Simkowitz was previously the co-head of global capital markets and was the lead capital markets partner for the firm’s assignments for the U.S. Treasury and Federal Reserve during 2008 to 2012.
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