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Morgan Stanley CEO Gorman stepping down within 12 months

James Gorman

Gorman, who transformed Morgan Stanley after it nearly collapsed during the global financial crisis, will assume the role of executive chairman after exiting as chief executive.

James Gorman, who transformed Morgan Stanley after it nearly collapsed during the global financial crisis, plans to step down as chief executive officer within the next year and assume the role of executive chairman.

“It is the board’s and my expectation that it will occur at some point in th

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