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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> leadership transition

John Mack to step down from Morgan Stanley at year’s end

Posted by RJ and Makay on Sep 16, 2011

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Morgan Stanley announced yesterday that John Mack will step down as chairman and leave the board at the end of the year, at which time he will become an advisor to the firm.  CEO James P. Gorman will become chairman on January 1, 2012.  Gorman has been with the firm since 2006, when he came on board as president and chief operating officer of the wealth management group.