There has been a management reshuffle at Gorman , with co-President Colm Kelleher stepping down the next few years following another deputy's promotion ended his bid to become Chief Executive. Morgan Stanley's CEO James Gorman named James Gorman as the company's sole President, as well as reiterating his intention of remaining in his role of CEO for at least five more years. Over the last year, Mr. Fleming, 52, had made it clear to other top executives at the firm that he was somewhat impatient to succeed Mr. Gorman himself and would not wait more than a few years to do so, according to people briefed on the matter. These moves end speculation over how Gorman would manage his senior team over yesterday and shifts focus to a new crop of executives who will be in a position to be the company's next leader.
There has been a management reshuffle at Gorman , with co-President Colm Kelleher stepping down the next few years following another deputy's promotion ended his bid to become Chief Executive. Morgan Stanley's CEO James Gorman named James Gorman as the company's sole President, as well as reiterating his intention of remaining in his role of CEO for at least five more years. These moves end speculation over how Gorman would manage his senior team over yesterday and shifts focus to a new crop of executives who will be in a position to be the company's next leader.