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Ted Pick

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Ted Pick
Born (1968-10-31) October 31, 1968 (age 56)
EducationMiddlebury College
Harvard Business School (MBA)
OrganizationMorgan 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]

Career

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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

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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]

References

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  1. ^ Franklin, Joshua (October 25, 2023). "Morgan Stanley chooses Ted Pick to replace James Gorman as CEO".
  2. ^ a b 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. ^ a b c d e Franklin, Joshua; Masters, Brooke (October 26, 2023). "Morgan Stanley makes its choice: how Ted Pick won the CEO succession race".
  5. ^ a b c Cuccinello, Hayley. "How Morgan Stanley exec Ted Pick rose from 'rough edged' deal junkie to CEO". Business Insider.
  6. ^ a b c d e "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
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