Ted Pick

Last updated
Ted Pick
Born (1968-10-31) October 31, 1968 (age 55)
Education Middlebury College
Harvard Business School (MBA)
Organization Morgan Stanley

Edward "Ted" Pick (born October 31, 1968) is an American business executive who became the CEO of Morgan Stanley on January 1, 2024, following James P. Gorman, who remained executive chairman of the board. On January 1, 2025, Pick will succeed Gorman as chairman of the board of Morgan Stanley. [1] [2] [3]

Contents

Career

Pick joined Morgan Stanley as an analyst in 1990 after graduating from Middlebury College and Harvard Business School. [4] [5] His entry was facilitated through a connection with a classmate related to former Morgan Stanley chair S. Parker Gilbert. [5]

In 2002, Pick was named managing director. [6] By 2005, he was in charge of a division, and was involved in capital-raising activities during the 2007–2008 financial crisis. [6] [4] [5] He became a member of the management committee in 2008. [6]

From 2009 to 2015, Pick was involved in global equities trading and, subsequently, took on the role of rejuvenating Morgan Stanley's fixed-income business. [4] This involved reducing its workforce by 25% and addressing revenue concerns. [4] He later held the position of global head of sales and trading. Over the years, he has held various roles, including managing director and head of equity capital markets. [4]

From 2021 to 2023, he served as the co-president of Morgan Stanley. He became the company's CEO at the beginning of 2024 and will become chairman at the beginning of next year. [6] [7]

Personal life

Pick is married to his wife Betsey and have two daughters. [8] He is a Trustee at the Metropolitan Museum of Art. [6] He enjoys maths problems. [2]

Related Research Articles

<span class="mw-page-title-main">Morgan Stanley</span> American financial services company

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2023 Fortune 500 list of the largest United States corporations by total revenue and in the same year ranked #30 in Forbes Global 2000.

<span class="mw-page-title-main">David M. Cote</span> American businessman (born 1952)

David M. Cote is an American businessman. Cote previously worked for General Electric and TRW Inc. before he was appointed chairman and chief executive officer (CEO) of Honeywell in 2002, following their acquisition by AlliedSignal. Cote also sat on the JP Morgan Chase risk committee during the period in which the firm lost $6 billion trading credit derivatives. Cote stepped down as CEO at Honeywell at the end of March 2017 and was succeeded by Darius Adamczyk. Cote is currently the executive chairman of Vertiv.

<span class="mw-page-title-main">Jamie Dimon</span> American banker and businessman (born 1956)

James Dimon is an American banker and businessman. He has been the chairman and chief executive officer (CEO) of JPMorgan Chase since 2006.

<span class="mw-page-title-main">Lazard</span> American investment bank

Lazard Inc. is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.

<span class="mw-page-title-main">Salomon Brothers</span> Former American investment bank

Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment banking enterprises in the United States and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street".

<span class="mw-page-title-main">E-Trade</span> American financial services company

E*TRADE from Morgan Stanley, a subsidiary of Morgan Stanley, offers an electronic trading platform to trade financial assets.

<span class="mw-page-title-main">Klaus Kleinfeld</span> German businessman (born 1957)

Klaus-Christian Kleinfeld is a German businessman. He worked as the CEO of businesses including Siemens AG, Alcoa Inc, and Arconic.

John J. Mack is a senior advisor to the investment firm Kohlberg Kravis Roberts and the former CEO and chairman of the board at Morgan Stanley, the New York–based investment bank and brokerage firm.

<span class="mw-page-title-main">AECOM</span> American engineering firm

AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.

<span class="mw-page-title-main">Financial Services Forum</span> American economy policy

The Financial Services Forum is an American, non-partisan economic policy and advocacy organization whose members are the chief executive officers of the eight largest and most diversified financial institutions headquartered in the United States.

<span class="mw-page-title-main">Thomas O. Staggs</span> American business executive (born 1961)

Thomas Owen Staggs is an American business executive and investor. He is currently one of the co-founders and co-CEOs of Candle Media. He formerly worked at The Walt Disney Company for nearly 27 years, beginning in 1990, working in finance and later becoming the chief financial officer (CFO), then as chairman of Walt Disney Parks and Resorts Worldwide and finally as chief operating officer (COO). He also holds directorships on various company boards, including Spotify.

<span class="mw-page-title-main">Ted Leonsis</span> American businessman (born 1957)

Theodore John Leonsis is an American businessman. He is a former senior executive with America Online (AOL) and the founder, chairman, and CEO of Monumental Sports & Entertainment, which owns the NHL's Washington Capitals, the NBA's Washington Wizards, the WNBA's Washington Mystics, and Monumental Sports Network.

<span class="mw-page-title-main">James P. Gorman</span> Australian-American financier (born 1958)

James Patrick Gorman is an Australian-American businessman and financier. He has been executive chairman of Morgan Stanley since 2012, and was CEO of the firm from 2010 through 2023. Before becoming CEO, he was the co-president and co-head of strategic planning at the firm. Starting in January 2025, he will become chairman of The Walt Disney Company.

Jerker Mats Johansson is a Swedish investment banker and was the chief executive officer of UBS Investment Bank and member of the Group Executive Board at UBS AG between February 13, 2008, and April 27, 2009.

<span class="mw-page-title-main">Sergio Ermotti</span> Swiss banker

Sergio Pietro Ermotti is a Swiss manager and investment banker. In April 2021, Ermotti was elected chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz. He was the chief executive officer (CEO) of UBS Group AG from November 2011 to October 2020 and regained that position in 2023. He is also a board member of the Institute of International Finance.

<span class="mw-page-title-main">Marcelo Claure</span> Chief executive officer of Sprint Corporation

Raul Marcelo Claure Bedoya is a Bolivian-American technology entrepreneur, businessman, and investor. He is the founder and CEO of Claure Group, the Executive Chairman of Bicycle Capital, and Group Vice Chairman for Shein.

Katharine Williams is a former Trials Division justice at the Supreme Court of Victoria. She was appointed to the bench 28 October 2002 and left 12 February 2015. Williams attended law school at Melbourne University, taking law classes as early as age 16. Williams has 9 siblings, including James P. Gorman, the executive chairman and former CEO of Morgan Stanley.

<span class="mw-page-title-main">Greenhill & Co.</span> American investment bank

Greenhill & Co., Inc. is an American investment banking advisory firm founded in 1996 in New York by Robert F. Greenhill. The firm provides advice on significant mergers, acquisitions, restructurings, financings, and capital raisings to leading corporations, partnerships, institutions and governments across a number of industries. Since its inception, Greenhill has advised on transactions valued at close to $3 trillion.

Stephen Squeri is an American business executive and Chairman and CEO of American Express. He first joined American Express in 1985, becoming chief information officer in 2005 and vice chairman in 2015, along with other upper management roles. Squeri became chairman and CEO of American Express on February 1, 2018.

Thomas Columba "Colm" Kelleher is an Irish-British business executive and banker. He is the chairman of the board of directors of the Swiss multinational investment bank and financial services company, UBS Group, since 2022. Before joining UBS, Kelleher held various positions spanning three decades at its American counterpart, Morgan Stanley, from 1989 to 2019.

References

  1. ↑ Franklin, Joshua (October 25, 2023). "Morgan Stanley chooses Ted Pick to replace James Gorman as CEO".
  2. 1 2 Andriotis, AnnaMaria (October 26, 2023). "Ted Pick Is a Math Whiz Among Math Whizzes. He's the New Morgan Stanley CEO". WSJ.
  3. ↑ "Morgan Stanley's Ted Pick Will Succeed James Gorman as CEO". October 25, 2023 – via www.bloomberg.com.
  4. 1 2 3 4 5 Franklin, Joshua; Masters, Brooke (October 26, 2023). "Morgan Stanley makes its choice: how Ted Pick won the CEO succession race".
  5. 1 2 3 Cuccinello, Hayley. "How Morgan Stanley exec Ted Pick rose from 'rough edged' deal junkie to CEO". Business Insider.
  6. 1 2 3 4 5 "Five facts about Morgan Stanley's new CEO Ted Pick". October 26, 2023 – via www.reuters.com.
  7. ↑ Copeland, Rob (2023-10-26). "Morgan Stanley Names Ted Pick, a Bank Veteran, Its Next C.E.O." The New York Times. ISSN   0362-4331 . Retrieved 2024-01-17.
  8. ↑ https://www.brookings.edu/wp-content/uploads/2019/12/Bio_Ted-Pick_MS-2018.pdf
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.