Morgan Stanley Names Ted Choose as Subsequent Chief Government

Morgan Stanley mentioned Wednesday that it named Ted Choose as its subsequent chief government to succeed longtime CEO James Gorman, ushering in a brand new period for the Wall Road powerhouse.

Choose, who leads Morgan Stanley’s investment-banking and buying and selling operations, was one in every of three finalists chosen as attainable successors for Gorman, who mentioned in Might that he would step down from the CEO function he has held since 2010.